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
Sponsored by
Zylpha LogoClick to know more
NLJ Career Profile: Maryam Syed KC, Church Court Chambers

NLJ Career Profile: Maryam Syed KC, Church Court Chambers

From childhood dreams of the Bar to some of the country's most challenging cases, Maryam Syed KC explains why she has never stopped standing up for others

DAC Beachcroft—Richard Breavington, Rachel Ford & Daniel Guilfoyle

DAC Beachcroft—Richard Breavington, Rachel Ford & Daniel Guilfoyle

DAC Beachcroft significantly expands Cyber team, hiring three Cyber partners

Browne Jacobson—Professor Clive Kay

Browne Jacobson—Professor Clive Kay

Browne Jacobson appoints senior healthcare leader Professor Clive Kay as strategic adviser

NEWS
Read All
NLJ this week: Reframing family dispute resolution
As family justice moves further away from the courtroom, collaborative law is emerging as an increasingly important route to resolving separation disputes
NLJ this week: Employment law updates on restraints, representation & tribunal boundaries
A busy period for employment law is producing important lessons for employers, employees and tribunals alike
NLJ this week Civil way: Practical procedure lessons & cautionary tales
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners
NLJ this week: Fraud in the digital age

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

NLJ this week: Right outcome, troubling reasoning?
How forcefully can a litigant criticise a public authority before robust advocacy crosses the line into unreasonable conduct? 
Copyright © 2026 LexisNexis
back-to-top-scroll