MAKING TAX DIGITAL DELAYED!
- Making Tax Digital (MTD) for Income Tax Self-Assessment will be introduced a year later than planned, and will now commence in April 2024.
- General partnerships will not be required to join MTD until April 2025
- MTD for corporation tax will not take place before 2026.
However all VAT registered businesses (regardless of their taxable turnover) will have to follow the MTD rules for their VAT returns from April 2022.