Making Tax Digital for Income Tax Self Assessment (ITSA)

VAT-registered businesses with a turnover higher than £85,000 are already required to submit their VAT return via the Making Tax Digital scheme, but MTD is an ongoing process which will soon include income tax reported through Self Assessment. From April 2024 self-employed people and landlords earning over £10,000 a year must be compliant for MTD…

Accountants

Accountants, Are You Talking To Your Clients About MTD for Income Tax Self Assessment (ITSA)?

Let’s start this with another question. Should you be talking to your clients about Making Tax Digital for Income Tax Self Assessment (ITSA)? Guidance around it is still fairly generic, so it’s difficult to offer clients much in the way of detail. But, the internet is slowly filling with articles rehashing what little is known…