The government has announced a delay to the introduction of Making Tax Digital (MTD) and has also announced some changes to which businesses and which taxes are involved.

From April 2019, MTD will now apply for VAT return purposes only, and we understand that the Government will not widen its scope beyond VAT before the system has been shown to work well, and not before April 2020 at the earliest.

Whilst the above changes are good news in that they give you more time, the message from Richardson Swift is that you still need to start thinking about and preparing for MTD now, as it is still intended to be introduced.

For more information, please contact Calvin on 01225 325580 or email ch@richardsonswift.co.uk