MTD latest

Following the announcement of a general election in June the government has suspended until after the election the legislation introducing MTD. Enabling legislation was contained in the Finance Bill 2017 following the budget in March but this has now been removed. Watch this space!

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 Are you really due a tax refund?

Government plans to implement “Making Tax Digital” (MTD) will be brought in for “businesses” (self-employed, landlords and trusts) with effect from 5 April 2018. If the business income is less than the VAT registration threshold (£83,000) but more than £10,000, the effective date is 5 April 2019. MTD will not apply to companies until April 2020.

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