header-logo header-logo

Home Login E-newsletter About us
04 April 2019 / Tim Smith
Issue: 7835 / Categories: Features , Profession , Tax , Technology
printer mail-detail

Making sense of making tax digital

© Copyright LexisNexis 2026. All Rights Reserved.

Tim Smith provides a read & store guide to Making Tax Digital
  • What is Making Tax Digital (MTD)?
  • How will MTD change VAT processes for firms?

There has been a lot of noise around Making Tax Digital (MTD) of late. From TV and radio adverts to the news media, the government and other organisations have been urging businesses to take note of the latest changes to HMRC’s tax administration processes and make the necessary changes. Firms that fail to comply with MTD could also leave themselves open to incurring regulatory penalties. Yet, how many firms, law firms included, fully understand the new process and how it will affect the daily running of their business?

MTD explained

Making Tax Digital (MTD) is the government’s latest initiative which is set to change how accounts are managed in today’s legal sector. As of this week (1 April 2019) the first stage of the initiative will require firms to report and record their VAT transactions digitally in an effort to

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Read All
NLJ Career Profile: Daniel Burbeary, Michelman Robinson

NLJ Career Profile: Daniel Burbeary, Michelman Robinson

Daniel Burbeary, office managing partner of Michelman Robinson, discusses launching in London, the power of the law, and what the kitchen can teach us about litigating

Sidley—Jeremy Trinder

Sidley—Jeremy Trinder

Global finance group strengthened by returning partner in London

Joelson—Jennifer Mansoor

Joelson—Jennifer Mansoor

West End firm strengthens employment and immigration team with partner hire

NEWS
Read All
MPs dissent but deliver on jury trials
The controversial Courts and Tribunals Bill has passed its second reading by 304 votes to 203, despite concerted opposition from the legal profession
Bill to repeal presumption of parental involvement
The presumption of parental involvement is to be abolished, the Lord Chancellor David Lammy has confirmed
No Mazur exception in family court
A highly experienced chartered legal executive has been prevented from representing her client in financial remedies proceedings, in a case that highlights the continued fallout from Mazur
No to interest plans, says CILEX
Plans to commandeer 50%-75% of the interest on lawyers’ client accounts to fund the justice system overlook the cost and administrative burden of this on small and medium law firms, CILEX has warned
Consultation opens on assault of police officers
Lawyers have been asked for their views on proposals to change the penalties for assaulting a police officer
Copyright © 2026 LexisNexis
back-to-top-scroll