Taxation: Electronic Government
(asked on 13th December 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his planned timetable is for the rollout of Making Tax Digital.
This question was answered on 18th December 2023
Since April 2022, all VAT-registered businesses have been required to operate Making Tax Digital (MTD) for VAT. This followed a phased rollout of MTD for VAT which began in 2019.
MTD for Income Tax Self Assessment will be introduced from April 2026, with businesses, self-employed individuals and landlords with income over £50,000 required to join first. Those with incomes between £30,000 and £50,000 will need to use MTD from April 2027.