How do I know if I am registered for making tax digital?

Sign into your HMRC online services account with your Government Gateway user ID and password. Click “View your tax account” on the business tax account page and navigate to the “Self Assessment” section. Once registered, you should receive an email from HMRC within 72 hours.

Will MTD be delayed again?

It’s impossible to say. As HMRC has already delayed Making Tax Digital once, it is reasonable to think it could happen again. For the latest information, refer to the HMRC website.

What should businesses and taxpayers do during the delay period?

During the Making Tax Digital delay period, taxpayers and small businesses should use the opportunity to adapt their existing business practices to comply with upcoming MTD for ITSA requirements. This includes using MTD-compliant software to maintain financial records and prepare reports to submit to HMRC.

Is any support available for businesses and taxpayers to help them prepare for Making Tax Digital?

Yes. On the HMRC website, you’ll find documentation and guidance to help businesses understand MTD compliance requirements. This includes a number of webinars and videos. You can also request assistance from the relevant HMRC helpline. Helpful resources here at FreshBooks may answer questions you have as well.

Will there be any changes to the penalties and fines for non-compliance with MTD due to the delay?

Yes, while existing penalty systems will remain in place for incorrect calculations and payments, there are changes relating to late submissions. The new points-based system triggers a £200 fine after an individual has accumulated a certain number of points. Points are levied when you submit reports late to HMRC and they expire after two years.

Small Business Resource Hub

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Making Tax Digital for Landlords: Everything You Need to Know

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Small Business Resource Hub

Resources for Your Growing Business

Resources for Your
Growing Business

TOP STORIES

Making Tax Digital Delay: Everything You Should Know

Making Tax Digital Checklist: How To Get Started

Making Tax Digital Penalties: How You Can Avoid Them

Agent Services Account For MTD: How to Set It Up

MTD Digital Links: Definition & Why You Need To Use It

Self-Assessment for Sole Trader: How to Prepare for MTD

What Is Making Tax Digital: An Extensive Guide

Sign Up for Making Tax Digital for VAT: A Complete Guide

MTD for Income Tax: How Will It Affect You?

Making Tax Digital Timeline: Key Dates You Should Know

10 Best Making Tax Digital (MTD) Software for VAT

When Does Making Tax Digital Start?

Making Tax Digital for Landlords: Everything You Need to Know

Everything You Need to Know About Making Tax Digital Software

Small Business Resource Hub

Resources for Your Growing Business

Resources for YourGrowing Business

TOP STORIES

Making Tax Digital Delay: Everything You Should Know

Making Tax Digital Checklist: How To Get Started

Making Tax Digital Penalties: How You Can Avoid Them

Agent Services Account For MTD: How to Set It Up

MTD Digital Links: Definition & Why You Need To Use It

Self-Assessment for Sole Trader: How to Prepare for MTD

What Is Making Tax Digital: An Extensive Guide

Sign Up for Making Tax Digital for VAT: A Complete Guide

MTD for Income Tax: How Will It Affect You?

Making Tax Digital Timeline: Key Dates You Should Know

10 Best Making Tax Digital (MTD) Software for VAT

When Does Making Tax Digital Start?

Making Tax Digital for Landlords: Everything You Need to Know

Everything You Need to Know About Making Tax Digital Software

Resources for Your
Growing Business