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

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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