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Making Tax Digital (MTD) Update

Written by Tony Shackleford on .

In a recent government announcement, the implementation of  MTD for income tax (which includes residential landlords) has been delayed until April 2024.

The current timing of the MTD rollout is as follows

MTD for VAT registered businesses with turnover of at least £85,000 – This has laready been implemented.

MTD for VAT registered businesses with turnover less tahn £85,000 – April 2022

MTD for income tax (including residential landlords), which applies to all businesses having gross income of at least £10,000 – April 2024

MTD of corporation tax – April 2026.