No.
As far as VAT is concerned, under MTD only the same 8 boxes in the VAT Return are transmitted to HMRC. HMRC will not have access to the underlying transactions or any additional data due to MTD.
As far as the future implementation of MTD onto Income Tax, again we are advised that only the summary data will be transmitted to HMRC – the same as currently submitted in your Tax Return. HMRC will not have access to the underlying transactions or any additional data due to MTD. The major change for MTD for Income Tax will be that you will be required to report quarterly within a month of the end of that quarter, rather than just annually. Your Annual Income Tax Return will have facility to make adjustments, and you will also be able to make adjustments during the year.
Please wait... it will take a second!