FOCUS:: Tax going digital

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – meaning the end of the annual tax return for millions.

July to December 2017	Automatic tax code adjustments take effect, preventing PAYE under and overpayments You digital tax accounts will show you an overview of all your tax liabilities in one place
January to June 2018	Interest paid by banks and building societies will be shown in your digital tax accounts
July to December 2018	Businesses, self-employed and landlords will need to start updating HMRC quarterly for income tax and NI obligations You’ll no longer need to report Child Benefit to HMRC
2019	Businesses, self-employed and landlords will need to start updating HMRC quarterly for VAT obligations You will need to pay Capital Gains Tax following the disposal of residential properties within 30 days
2020	Businesses, self-employed and landlords will need to start updating HMRC quarterly for Corporation Tax obligations The full range of HMRC services are available to you through your digital tax accounts