Captions on this video have been automatically generated and the accuracy will depend on audio quality, background noise, and accents.
Making Tax Digital (MTD) is an HMRC initiative designed to help businesses and individuals correctly calculate their tax through a system that is more efficient, effective and simpler to use. All VAT-registered businesses must report digital VAT records to HMRC through compatible software.
From April 2026, self-employed individuals and landlords with an income of more than £50,000 will be required to keep digital records and provide quarterly updates on their income and expenditure to HMRC through MTD-compatible software. Those with an income of between £30,000 and £50,000 will need to do this from April 2027.
Get ahead of the curve and find out what you need to do to comply with Making Tax Digital for VAT with the FSB Making Tax Digital App, an HMRC recognised solution for small businesses and the self-employed provided in partnership with Rhino Software Ltd.
Join HMRC, Rhino and the Federation of Small Businesses to find out all about Making Tax Digital, what it means for business owners, and how you can become MTD compliant using the FSB Making Tax Digital app.
We’ve worked with Rhino Software to build an app designed to help small businesses and the self-employed become MTD compliant without the confusion and pressure. Setting up your account is quick and easy. Record your expenses, create invoices, and submit your VAT return directly to HMRC at the click of a button.
Find out more about the FSB Making Tax Digital app powered by Rhino.