Making Tax Digital (MTD) is a planned reform of the administration of tax that will replace the annual tax return system with online quarterly reporting. According to current Government plans, it will apply to income tax from 6th April 2018, affecting nearly all individual landlords and self-employed people, as well as many others.
For businesses with turnover below the VAT registration threshold quarterly reporting will be postponed until April 2019. This gives these businesses more time to prepare.