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.
Documents
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.