Making Tax Digital came into force for VAT registered businesses in March 2019, and, as such, is currently only applicable for them.
It’s highly likely that it will be the ‘system of the future’ and that everyone will, at some point, submit tax returns on a quarterly basis.
The introduction of the new software required to make the system work has been delayed by both Brexit and Covid-19.
That said, please be assured that I’m keeping a very close eye on developments to ensure all of my clients will smoothly transition across to the ‘Making Tax Digital’ system as and when it’s rolled out across the UK.
