Making tax digital was announced by Chancellor Osbourne in the 2015 Autumn Statement with the aim to digitise the tax system for the self employed and small businesses (including landlords).
The snap election delayed MTD’s implementation and enabled further consultation on the controversial plans.
The new Financial Secretary to the Treasury, Mel Stride MP announced changes to MTD on 13th July.
These changes are:
This will ensure that there is time to test the system fully and for digital record keeping to become more widespread.