Get Started

HMRC proposals

Services » Making Tax Digital » HMRC proposals

Business owners and accountants are currently being consulted about the plans. But what we do know for sure at the moment is that:

  • Small businesses with sales of less that £10,000 a year will be exempt from filing returns under MTD
  • Other exemptions will apply for those who cannot file online for reasons of disability, age, or remoteness of location
  • VAT registered businesses will file one combined VAT return and income report with HMRC
  • The current penalty regime for late filing will be replaced with a points based system. This will be similar to the driving licence system where any points will be wiped from the slate at periodic intervals

Interested?

Compare our packages
Packages

Other making tax digital services

Management Accounts

How we can help

Learn more
Management Accounts

How will MTD affect me?

Learn more
Management Accounts

HMRC proposals

Learn more
Management Accounts

What is Making Tax Digital?

Learn more

What do we know already about MTD?

We are a team of award winning Chartered Management Accountants based in Edinburgh. We are cloud accounting and tax specialists helping businesses and contractors in the technology and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.

youtube icon

Free accounting advice from your Edinburgh accountants

Watch our Webinars

We are a team of award winning Chartered Management Accountants based in Edinburgh. Our handpicked 'A' Team are cloud accounting and tax specialists helping businesses and in the technology, professional services and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.

accountants Edinburgh Scotland
Accountancy & Financial Technology Awards
accountants Edinburgh
chartered accountants Edinburgh
income tax rates Scotland
icon05