Self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), following a government announcement made on 19/12/22
What is Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) and how will it affect me? Answering the questions you were too afraid to ask!
MTD is the Government’s flagship policy to modernise the tax system. Here are the frequently asked questions about MTD we get day to day.
In our last blog, we outlined what MTD is and who it applies to. Now we explore MTD for income tax self-assessment.
The way the sole traders and landlords record income and expenses and submit details to HMRC is about to change from 6 April 2024.