MTD – What is the timeline for Making Tax Digital?

From April 2019, quarterly reporting is:

  • Mandatory for VAT for all VAT-registered businesses with a turnover above the VAT registration threshold (£85,000).
  • Optional for VAT-registered businesses with a turnover below the VAT registration threshold (£85,000).

From April 2020 (at the earliest), quarterly reporting is:

  • Mandatory for income tax and corporate tax (as appropriate) for all businesses (including landlords) with a turnover over the VAT registration threshold (£85,000).
  • Optional for businesses (including landlords) with a turnover below the VAT registration threshold (£85,000).

For more about MTD please see our other FAQ’s on Making Tax Digital