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There have recently been some significant changes to the proposed implementation plans for MTD leading us to publish this new service page. On 13 July 2017 the government announced that MTD for VAT will come into effect from April 2019. From that date businesses with a turnover above the VAT threshold (currently £85,000) will have to:-

Keep their records digitally for VAT purposes only.

Provide their VAT return information to HMRC through MTD functional compatible software.

Whilst other businesses may use MTD on a voluntary basis they will not be required to keep digital records, or to update HMRC quarterly, for other taxes until at least 2020. All businesses will have at least two years to adapt to the changes before being asked to keep digital records for other taxes.

 

Source HMRC, 

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