A different penalty regime applies to those within Making Tax Digital to that which is in place for self assessment. These penalties can apply if you are late filing a quarterly update or end of year tax return or are late paying any tax due. We outline the main features of the new penalty ...

As well as keeping digital records and filing quarterly updates each year, you will also be required to complete an end of year tax return under Making Tax Digital. This must be done digitally, using compatible third party software. We explain more about this process below. 

Making Tax Digital for Income Tax will require taxpayers to maintain their business records digitally using compatible software. This page explains the requirements and includes information on factors taxpayers should consider when choosing software. 

This guidance looks at some specific areas you need to consider if you are a landlord and will be reporting your property income and expenses under Making Tax Digital. It is important to note that the actual tax rules for calculating rental profits are not changing under Making Tax Digital.

This guidance looks at some specific areas you need to consider if you are self-employed and reporting your self-employment income and expenses under Making Tax Digital. It is important to note that the actual tax rules for calculating profits from self-employment are not changing under Making Tax ...

Making Tax Digital for Income Tax requires affected taxpayers to keep digital records and send details of their income and expenditure to HMRC every quarter (known as a quarterly update). This page explains what digital record keeping means and explains the process for filing quarterly ...