Chartered Accountant | Flexi Financial Solutions Flexifa PDF | Seite 3

Making Tax Digital Implementation
Date
Progress
Jan – June 2017 The tax payers can see the overview of their tax liabilities in one
place with the help of digital tax accounts
July – Dec 2017 Companies with more sales than VAT, self-employed and
landlords begin to prepare quarterly reports on HMRC through
income tax and national insurance reporting system.
2019 Employers, employers and homeowners with the lowest MTD
threshold will pay $ 10,000 and VAT deductibles throughout the
HMRC reporting program for three months of income tax and
national insurance liability.
2020 The businessmen, self-employed people, and landlords, can start
updating HMRC quarterly for corporation tax commitment
through their software.
2020 The full range of HMRC services are available through digital tax
accounts.