Making Tax Digital (MTD) in the UK: What It Means for Accountants and Their Clients
Making Tax Digital (MTD) is HM Revenue & Customs’ (HMRC) programme to move UK tax reporting away from paper and annual catch-up bookkeeping towards digital records kept throughout the year. It has applied to VAT since 2019 and to all VAT-registered businesses since April 2022. On 6 April 2026 it reached Income Tax, the biggest…