HMRC Updates MTD Guidance

After much anticipation from accountancy bodies and businesses, HMRC has finally updated its guidance on Making Tax Digital (MTD), filling in several blanks. This follows a prolonged silence from HMRC and comes ahead of the commencement for MTD ITSA in April 2024.

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Making Tax Digital (MTD) is the Government's policy to digitise the UK tax system in an attempt to simplify the process for taxpayers and improve their experience.

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Our latest Active Practice Update provides background and updated guidance on MTD apu-hmrc-updates-oct22

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If you would like to discuss in more detail any of the issues raised in this article with a member of our team, please call 01772 741200.