- From April 2019, VAT registered businesses with turnover exceeding the VAT registration threshold must retain digital records and submit their VAT returns to HMRC using 'functional compatible software'.
- From April 2021, 'digital links' between software programs, applications or products must be in place.
- From April 2022, all VAT registered businesses must retain digital records and submit their VAT returns to HMRC using 'functional compatible software', unless an exemption such as digital exclusion applies. This includes those below the VAT registration threshold.
- From April 2026, self-employed businesses and landlords with business turnover above £50,000 are to report under MTD for Income Tax.
- From April 2027, self-employed businesses and landlords with business turnover above £30,000 are to report under MTD for Income Tax.
- HMRC will review smaller self employed businesses to decided if they will be required to join.
- General partnerships will join MTD but no timetable has yet been introduced.
- Other partnerships: the date at which all other types of partnerships will be required to join will be confirmed later.
- An MTD for Income Tax pilot is currently running but this closed to new participants in February 2023.
- From April 2024 companies can start using an MTD for Corporation Tax (CT) pilot scheme.
- From April 2026 companies join MTD for CT.
- No updates have been provided on this since the postponement of MTD for Income Tax in December 2022.