HMRC Making Tax Digital (MTD) Summary and Timeline

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Making Tax Digital (MTD) is HMRC’s strategy to modernise tax administration for taxpayers.  Some highlights from their latest published MTD time-line include:


  • test digital reporting of accounts by some small businesses
  • testing using the RTI (payroll real time information) system to report back to tax payers how their personal allowances are used


  • test digital reporting of letting income by some landlords
  • new on-line billing system for tax
  • taxpayers to be able to report new sources of income through their digital accounts
  • automatic tax code adjustments prevent PAYE under and overpayments


  • bank and building society interest automatically updated into personal tax accounts
  • most businesses, sole traders and landlords to report accounts on-line quarterly


As with all of our tax tips and web pages this information is necessarily summarised and of a general nature.  If you would like detailed specific advice please contact us.