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Making Tax Digital – the real life implications

  • Webinar

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However, we run over 100 events (both virtual and in-person) throughout the year.  Please feel free to search through our upcoming events where you can get the latest insights for your business and the world of self-employment. 

 

Making Tax Digital (MTD) is the biggest overhaul of the tax filing regime in generations.

From 2023 any business, sole trader or landlord with income of over £10,000 will have to file under the Making Tax Digital Rules.

These rules increase the numbers of filings to HMRC from 1, to 5 per year and require tax payers to undertake Digital Record Keeping.  They also do not allow tax payers to file directly via the HMRC site.

In this webinar Lucy Cohen from Mazuma will share:

  • How to keep digital records
  • What HMRC will accept under the new rules
  • Best practice
  • HMRC penalties for non-compliance
  • The HMRC end game!

As always there will be plenty of opportunity to ask questions during the webinar but please do send them in advance as well to [email protected].