Making Tax Digital

by Sarah Laing

Revised and up to date for 2022/23. This course will help you get to grips with the Making Tax Digital project, and the changes it is bringing. You will explore the latest timelines in place for businesses and individuals making the transformation, as well as the practicalities involved.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Familiarise yourself with the latest MTD timelines in place for businesses and individuals making the transformation
  • Implement the necessary software and training requirements for MTD
  • Consider the practicalities, costs and benefits of MTD
  • Discover the various transitional stages for the MTD project and key future changes we can expect to see.

About the course

There is widespread agreement that the government's Making Tax Digital (MTD) project is the right approach for the future, but there are still concerns about the scale of the changes, particularly as we emerge from the pandemic. From 1 April 2022 onwards, nearly all VAT-registered businesses will be required to keep digital records for VAT purposes and submit their information to HMRC using digitally linked software.

This course familiarises you with the MTD scheme, and the changes it is bringing. You will explore the latest timeline of these changes and the costs and benefits involved. Get to grips with the actions you should take to comply with the requirements, including software and training requirements for both yourself and other staff members. You'll also discover the practicalities involved for businesses and individuals making the transformation along with details on MTD for Income Tax Self Assessment (MTD for ITSA) which is currently being phased in.

This course has been revised and is up to date for 2022/23.

Look inside

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Contents

  • The timeline for Making Tax Digital
    • Getting started with Making Tax Digital
    • Coming into effect
    • The key dates
    • Understanding digital reporting for businesses
    • Software requirements for MTD
    • Incorporating MTD for VAT
  • Software for MTD
    • Specific software requirements
    • What the legislation says
    • Understanding digital links
    • Choosing the right software
    • Software providers
  • Understanding the practicalities
    • Costs and benefits
    • Practical challenges
    • Opportunities of MTD
    • Facing internal issues
    • Training and support for MTD
  • The future of MTD
    • Beginning the transition
    • Penalties for late submission
    • What the future holds
    • Developing for the future
    • The impact of MTD on income tax
    • MTD for corporation tax

Author

Sarah Laing

Sarah Laing is a Chartered Tax Adviser. Writing professionally since 1998, she joined CCH Editions as a Senior Technical Editor. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars.

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Access to this course
Total CPD unitshourshours800+ unitshourshours
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Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

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Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
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Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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