Worried MTD is about to land on your company? Here is the honest position: MTD for Corporation Tax is not currently mandated. This page explains what that means, what you still need to do, and how to stay ready for whatever comes next.
MTD for Corporation Tax is not currently required. Limited companies keep filing their Corporation Tax the same way as today. There is no confirmed start date, and the government has said it is not being introduced for now.
One exception: if your company is VAT registered, MTD for VAT already applies to its VAT returns.
File your Company Tax Return (CT600) and pay Corporation Tax on your usual schedule. No MTD quarterly updates for Corporation Tax.
If the company is VAT registered, keep digital VAT records and file through recognised software, that part of MTD is already live.
There is no MTD for Corporation Tax date. We keep this page updated if that changes, so check back or bookmark it.
As a director you may still be in MTD for Income Tax on other income, such as property or a side trade.
A lot of the worry comes from mixing up two different taxes. The distinction is simple once you see it.
If you trade as an individual rather than through a company, the MTD for Income Tax guide is the one for you.
Keep digital records, file quarterly updates and submit your final declaration, all in one place. Free for sole traders, with no filing paywall.
Clean digital records keep your VAT compliant now and put you ahead of any future Corporation Tax changes. Clear Books handles company bookkeeping and VAT in one place.
