Understanding Making Tax Digital: A Guide for Individuals and Businesses

Tax preparation
Tax preparation

How HMRC is making it easier for individuals and businesses to get their tax right and keep on top of their tax affairs.

Documents
Overview of Making Tax Digital – GOV.UK (www.gov.uk)
Making Tax Digital for VAT — mythbuster – GOV.UK (www.gov.uk)

Details
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
This page:

  • explains what Making Tax Digital is
  • sets out details of the Making Tax Digital for VAT service, which is now live
  • includes a mythbuster explaining the truth behind some common misconceptions about Making Tax Digital
  • sets out details of the Making Tax Digital for Income Tax service