{"id":761,"date":"2020-06-05T15:17:13","date_gmt":"2020-06-05T15:17:13","guid":{"rendered":"https:\/\/www.oneaccounting.co.uk\/?page_id=761"},"modified":"2023-11-21T12:04:55","modified_gmt":"2023-11-21T12:04:55","slug":"how-will-mtd-affect-me","status":"publish","type":"page","link":"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-will-mtd-affect-me\/","title":{"rendered":"How will MTD affect me?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"761\" class=\"elementor elementor-761\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ee0a753 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ee0a753\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f95805b\" data-id=\"2f95805b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-759781b1 grandchild-title elementor-widget elementor-widget-heading\" data-id=\"759781b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">How will MTD affect me?<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d031f85 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d031f85\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3d49fa0a\" data-id=\"3d49fa0a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d628e13 elementor-align-center elementor-widget elementor-widget-breadcrumbs\" data-id=\"7d628e13\" data-element_type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span id=\"breadcrumbs\"><\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61c1a08b elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61c1a08b\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75fbf050\" data-id=\"75fbf050\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64307efb subhead elementor-widget elementor-widget-heading\" data-id=\"64307efb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">At the moment the MTD proposals only affect sole traders and partnerships. There\u2019ll be a separate consultation process for limited companies and their directors which will be announced in early 2018.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48b435dd elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48b435dd\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-45b81b40\" data-id=\"45b81b40\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10e70ff4 subhead elementor-widget elementor-widget-heading\" data-id=\"10e70ff4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><p>Your business will send summary data to HMRC each quarter. The data has to be sent from online accounting software such as Freeagent or Xero. The data will summarise your total sales and total expenses. These expenses will then be further broken down and itemised into things like salary costs, rent, and rates etc.<\/p>\n<p>HMRC have confirmed that they won\u2019t provide free online software to enable businesses to comply with MTD.<\/p>\n<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bbbc42c elementor-section-stretched elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"5bbbc42c\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1957277\" data-id=\"1957277\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ec49130 elementor-cta--skin-cover elementor-cta--valign-middle elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"1ec49130\" data-element_type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<a class=\"elementor-cta\" href=\"https:\/\/wordpress-238490-1237254.cloudwaysapps.com\/packages-page\/\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url();\" role=\"img\" aria-label=\"\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item elementor-animated-item--grow\">\n\t\t\t\t\t\tInterested?\t\t\t\t\t<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item elementor-animated-item--grow\">\n\t\t\t\t\t\tCompare our packages\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item elementor-animated-item--grow\">\n\t\t\t\t\t<span class=\"elementor-cta__button elementor-button elementor-size-\">\n\t\t\t\t\t\tPackages\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d31aef2 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d31aef2\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b91b142\" data-id=\"4b91b142\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3729228c elementor-widget elementor-widget-html\" data-id=\"3729228c\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 style=\"text-align:center\">Other <span style=\"color:#E32423\"> making tax digital<\/span> services<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78b18277 child-carousel elementor-widget elementor-widget-wb-post-slider\" data-id=\"78b18277\" data-element_type=\"widget\" data-widget_type=\"wb-post-slider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>#wbel_post_slider_wb_post_slider78b18277 .wb_ps_text p{text-align: center}<\/style><style>#wbel_post_slider_wb_post_slider78b18277 .wb_ps_readmore{text-align: center}<\/style><div\r\n\t        \t\tclass=\"wbel_post_slider_wrapper wbel_post_slider_default\"\r\n\t        \t\tid=\"wbel_post_slider_wb_post_slider78b18277\"\r\n\t        \t\tdata-responsive_slider_control = \"[{&quot;slide_to_show&quot;:2,&quot;slides_to_scroll&quot;:2,&quot;breakpoint_size&quot;:768,&quot;_id&quot;:&quot;8d3b103&quot;,&quot;rows_to_show&quot;:1,&quot;rows_per_group&quot;:1},{&quot;slide_to_show&quot;:1,&quot;slides_to_scroll&quot;:1,&quot;rows_to_show&quot;:1,&quot;rows_per_group&quot;:1,&quot;breakpoint_size&quot;:&quot;480&quot;,&quot;_id&quot;:&quot;7709c66&quot;}]\"\r\n\t        \t\tdata-display-dots=\"no\"\r\n\t        \t\tdata-slide-to-show=\"3\"\r\n\t        \t\tdata-slides-to-scroll=\"3\"\r\n\t        \t\tdata-autoplay=\"yes\"\r\n\t        \t\tdata-autoplay-speed=\"3000\"\r\n\t        \t\tdata-slide-speed=\"1000\"\r\n\t        \t\tdata-pause-on-focus=\"true\"\r\n\t        \t\tdata-pause-on-hover=\"yes\"\r\n\t        \t\tdata-pause-on-dots-hover=\"no\"\r\n\t        \t\tdata-rows-to-show=\"1\"\r\n\t        \t\tdata-rows-per-group=\"1\"\r\n\t        \t\tdata-slick=\"{&quot;responsive&quot;: [{\r\n\t\t\t\t\t\t&quot;breakpoint&quot;: 768,\r\n\t\t\t\t        &quot;settings&quot;: {\r\n\t\t\t\t        \t&quot;slidesToShow&quot;: 2,\r\n\t\t\t\t        \t&quot;slidesToScroll&quot;: 2,\r\n\t\t\t\t        \t&quot;rows&quot;: 1,\r\n\t\t\t\t\t\t\t&quot;slidesPerRow&quot;: 1\r\n\t\t\t\t        }},{\r\n\t\t\t\t\t\t&quot;breakpoint&quot;: 480,\r\n\t\t\t\t        &quot;settings&quot;: {\r\n\t\t\t\t        \t&quot;slidesToShow&quot;: 1,\r\n\t\t\t\t        \t&quot;slidesToScroll&quot;: 1,\r\n\t\t\t\t        \t&quot;rows&quot;: 1,\r\n\t\t\t\t\t\t\t&quot;slidesPerRow&quot;: 1\r\n\t\t\t\t        }}]}\"\r\n\t        \t><div class=\"wb_ps_item\">\r\n\t<div class=\"wb_ps_single_item\">\r\n\t\t\t<div class=\"wb_ps_thumbnail\">\r\n\t\t\t<a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-we-can-help\/\">\r\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.oneaccounting.co.uk\/wp-content\/uploads\/2020\/05\/icn-126px-management-accounts-3.png\" title=\"icn-126px-management-accounts.png\" alt=\"Management Accounts\" \/>\t\t\t<\/a>\r\n\t\t<\/div>\r\n\t\t\t<div class=\"wb_ps_content\">\r\n\t\t\t\r\n\t\t\r\n\t\t\t\t\t<div class=\"wb_ps_title\">\r\n\t\t\t\t<h2 style=\"text-align: center\" ><a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-we-can-help\/\">How we can help<\/a><\/h2>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t<div class=\"wb_ps_description\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"wb_ps_readmore\">\r\n\t\t\t\t\t\t<a class=\"wb_ps_readmore_link\" href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-we-can-help\/\">Learn more<\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div><div class=\"wb_ps_item\">\r\n\t<div class=\"wb_ps_single_item\">\r\n\t\t\t<div class=\"wb_ps_thumbnail\">\r\n\t\t\t<a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-will-mtd-affect-me\/\">\r\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.oneaccounting.co.uk\/wp-content\/uploads\/2020\/05\/icn-126px-management-accounts-3.png\" title=\"icn-126px-management-accounts.png\" alt=\"Management Accounts\" \/>\t\t\t<\/a>\r\n\t\t<\/div>\r\n\t\t\t<div class=\"wb_ps_content\">\r\n\t\t\t\r\n\t\t\r\n\t\t\t\t\t<div class=\"wb_ps_title\">\r\n\t\t\t\t<h2 style=\"text-align: center\" ><a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-will-mtd-affect-me\/\">How will MTD affect me?<\/a><\/h2>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t<div class=\"wb_ps_description\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"wb_ps_readmore\">\r\n\t\t\t\t\t\t<a class=\"wb_ps_readmore_link\" href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/how-will-mtd-affect-me\/\">Learn more<\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div><div class=\"wb_ps_item\">\r\n\t<div class=\"wb_ps_single_item\">\r\n\t\t\t<div class=\"wb_ps_thumbnail\">\r\n\t\t\t<a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/hmrc-proposals\/\">\r\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.oneaccounting.co.uk\/wp-content\/uploads\/2020\/05\/icn-126px-management-accounts-3.png\" title=\"icn-126px-management-accounts.png\" alt=\"Management Accounts\" \/>\t\t\t<\/a>\r\n\t\t<\/div>\r\n\t\t\t<div class=\"wb_ps_content\">\r\n\t\t\t\r\n\t\t\r\n\t\t\t\t\t<div class=\"wb_ps_title\">\r\n\t\t\t\t<h2 style=\"text-align: center\" ><a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/hmrc-proposals\/\">HMRC proposals<\/a><\/h2>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t<div class=\"wb_ps_description\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"wb_ps_readmore\">\r\n\t\t\t\t\t\t<a class=\"wb_ps_readmore_link\" href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/hmrc-proposals\/\">Learn more<\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div><div class=\"wb_ps_item\">\r\n\t<div class=\"wb_ps_single_item\">\r\n\t\t\t<div class=\"wb_ps_thumbnail\">\r\n\t\t\t<a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/what-is-making-tax-digital\/\">\r\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.oneaccounting.co.uk\/wp-content\/uploads\/2020\/05\/icn-126px-management-accounts-3.png\" title=\"icn-126px-management-accounts.png\" alt=\"Management Accounts\" \/>\t\t\t<\/a>\r\n\t\t<\/div>\r\n\t\t\t<div class=\"wb_ps_content\">\r\n\t\t\t\r\n\t\t\r\n\t\t\t\t\t<div class=\"wb_ps_title\">\r\n\t\t\t\t<h2 style=\"text-align: center\" ><a href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/what-is-making-tax-digital\/\">What is Making Tax Digital?<\/a><\/h2>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t<div class=\"wb_ps_description\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"wb_ps_readmore\">\r\n\t\t\t\t\t\t<a class=\"wb_ps_readmore_link\" href=\"https:\/\/www.oneaccounting.co.uk\/services\/making-tax-digital\/what-is-making-tax-digital\/\">Learn more<\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div><\/div>\t\t\t\t<div class=\"wbel-arrow wb-arrow-prev\">\r\n\t\t\t\t\t<i aria-hidden=\"true\" class=\"fa fa-angle-left\"><\/i>\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"wbel-arrow wb-arrow-next\">\r\n\t\t\t\t\t<i aria-hidden=\"true\" class=\"fa fa-angle-right\"><\/i>\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The latest information for your business<\/p>\n","protected":false},"author":1,"featured_media":460,"parent":655,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[190],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Will MTD Affect My Business? - One Accounting<\/title>\n<meta name=\"description\" content=\"At the moment the MTD proposals only affect sole traders and partnerships. 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