Making Tax Digital

Second phase of MTD for VAT delayed

HMRC defers rollout of more stringent rules until 1 April 2021.

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Most businesses are failing to benefit from MTD for VAT

Firms report extra costs and obligations since 1 April 2019.

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Most firms not benefitting from MTD for VAT

Businesses report extra costs and obligations.

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HMRC approves first MTD for income tax software

Five products get the thumbs up, three more in development.

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HMRC reveals MTD for VAT milestones

Over 80% of VAT-registered firms have signed up.

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First quarterly MTD for VAT deadline

Around 121,000 businesses fell at the first hurdle.

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120,000 businesses miss MTD for VAT deadline

HMRC waives fines for non-compliance.

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No penalty for not signing up to MTD

Stay of execution for those who missed sign-up deadline.

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Firms set for first quarterly VAT returns through MTD

HMRC urges businesses to sign up before 7 August.

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MTD and Brexit cause HMRC helpline delays

Less than 42% of calls answered in May 2019.

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