Making Tax Digital

Making Tax Digital (MTD) - VAT

What is MTD?

Making tax digital (MTD) is a HMRC initiative designed to ensure a more timely and accurate recording and submission of VAT returns. 

Who will MTD affect?

MTD will affect all VAT registered businesses in the UK – those trading over the £85,000 VAT threshold, including: sole traders, owner managed businesses, charities and public sector bodies, and large corporations.

When do you need to be MTD ready?

From April 2019 MTD will mean that these businesses will be required to submit VAT returns using MTD compliant software directly to HMRC’s own accounting software, effectively creating a digital link between the business and HMRC.

Companies

Making Tax Digital for VAT

Download our guide to Making Tax Digital (MTD) and discover how our Readiness Review can help you become MTD compliant by April 2019.

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Brexit Monitor

Making Tax Digital events

Join our RSM experts at our Making Tax Digital (MTD) events which are taking place across the UK between September and November 2018.

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Making Tax Digital

MTD Readiness Review

RSM can help on your journey to MTD compliance. See how our readiness review can help you become MTD ready. 

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Making Tax Digital

Making Tax Digital - exploring the myths

There are many myths around MTD for VAT. You can read all about them and what you really need to know in our myth-busting fact sheet.

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Making Tax Digital

Making Tax Digital - A brave new world

The transition to MTD represents one of the most fundamental changes to occur to the tax system.

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Making Tax Digital

MTD for VAT - impossible, impractical or unduly onerous?

The government has now introduced the MTD legislation, but there are concerns from professional bodies, advisers and impacted businesses.
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