Policy paper

Customer costs and benefits for the next phases of Making Tax Digital

This policy paper considers the impacts of the next phases of Making Tax Digital.

From:
HM Revenue & Customs
Published
23 September 2021

Documents

Customer costs and benefits for the next phases of Making Tax Digital

Details

This paper looks at the impacts, costs and benefits of Making Tax Digital (MTD) for smaller VAT-registered businesses with taxable turnover below the VAT threshold (£85,000) and businesses and landlords subject to Income Tax Self Assessment (ITSA) with turnover of £10,000 or above.

It also brings out in further detail what MTD might look like in practice for businesses and individuals eligible for MTD ITSA.

Published 23 September 2021