HMRC is replacing tax returns with digital tax accounts for millions of businesses and individuals. A digital tax account brings together each taxpayer’s details in one place, just like an online bank account.
Taxpayers will be able to view their tax affairs in real time, update their information, register for new services, see at-a-glance how their tax is calculated, and choose payment options.
Most businesses already have an online gateway but will have to sign up to the new MTD account which can be done using this link. If you do not have an HMRC gateway account please use the same link to sign up. It is important that you have an account set up so that you can see all your business/self-employed tax affairs.
For more about MTD please see our other FAQ’s on Making Tax Digital