Making Tax Digital
is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
From April 2022, the programme will be extended to all VAT registered businesses with turnover below the VAT threshold.
From April 2023, it will apply to taxpayers who file income tax self-assessment tax returns for business or property income over £10,000 annually.
Making Tax Digital for Corporation Tax and will not mandate its usage before 2026.