MTD for VAT is just the start of HMRC’s plan to digitise the tax system.
From April 2024, sole traders and landlords with income over £10,000 per year will have to comply with MTD for Income Tax. From 2025, it will also apply to partnerships. Then, in April 2026, MTD for Corporation Tax will be introduced.
Those dates may seem a long way off, but the more work you do now to prepare your processes, the easier it will be to adapt to MTD for Income and Corporation tax when they eventually arrive.