How do I sign up my client to Making Tax Digital for Income Tax ? HMRC guidance




Making Tax Digital


Whilst it is generally agreed that the government's Making Tax Digital (MTD) project is the right approach for the future, there are still concerns within the tax and accountancy professions regarding the clarity of requirements and expectations under the new system. This course will help you get to grips with the Making Tax Digital project, and the changes it brings. You will explore the latest timelines in place for businesses and individuals making the transformation, and learn about the effects it will have, including both the costs and benefits.


The timeline for Making Tax Digital


Most businesses with a turnover above the VAT threshold are already required to keep digital records for VAT purposes and submit their information to HMRC using digitally linked software. This module introduces the key requirements of MTD, focusing on what it is, when it is happening and what actions should be taken to comply with the requirements.



Software for MTD

Most small businesses are required to keep digital records for VAT purposes. This module examines the software requirements under the MTD legislation, how to find compatible software, and where to look for further help.


Understanding the practicalities

HMRC's vision to digitalise the UK tax system is well under way. The transformation started with the introduction of MTD for VAT and digitalisation is now being introduced in other areas of taxation. MTD for income tax is expected to become fully operational from April 2024. Development of MTD for corporation tax is underway as is expected to be introduced soon after 2026.

The future of MTD

During the transitional period to full digital reporting across the taxes, MTD obligations and requirements are likely to put many practices, businesses and individuals under pressure. This module looks at the various transitional stages for the MTD project and highlights why an early move may be beneficial. It also flags some of the future changes we can expect to see.






Course Curriculum


  Course - Knowledge Building
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Choose a Pricing Option


Bookkeeping & Limited Company Accounts Preparations

The course is designed to give you a thorough experience of Bookkeeping, Limited Company Accounts Preparation , CT600 and VAT Control Account

first inlearning

first inlearning

£250

Final Accounts Training

Final Accounts Training is the ultimate goal in your career as an accountant in the field of Accountancy. In this you keep track of a company's financial transactions using standard rules

first inlearning

first inlearning

£50

Advanced Payroll Management

Payroll training focuses on making you a payroll guru. You should not only be able to calculate and carry out payroll processes .

first inlearning

first inlearning

£50