Update on Making Tax Digital

Update on Making Tax Digital
9th May 2019 Debbie
In Accounting and Tax blog

In his spring budget, Phillip Hammond stated that the government would not be mandating MTD for any new taxes or businesses in 2020. So income tax, corporation tax and VAT for those under the VAT threshold (currently £85,000) will not be mandated until 2021, at the earliest.
The current focus is to get VAT right and helping businesses to transition.