Who does MTD apply to?
From April 2019, MTD was compulsory for VAT registered entities/individuals with turnover in excess of the annual VAT registered threshold [£85,000]
From April 2022, MTD was extended to all VAT registered entities/individuals regardless of turnover.
From April 2024, MTD will be extended to all taxpayers who are self-employed and/or collect income from property, where the combined total from those sources exceeds £10,000.
From April 2025, partnerships with only individuals as members will be brought within MTD.