MTD for ITSA: What you need to know
Next phase of digital tax scheme to start in 2026.
HMRC updates Making Tax Digital MTD guidance
MTD non-compliance penalties also published.
Income tax basis periods reform
In the 2021 Budget. proposals to reform the income tax basis periods were confirmed. The intention was to help with the introduction of Making Tax Digital for Income Tax Self Assessment (MTD ITSA). This will affect all business who have accounting periods that do not...
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA)
Draft legislation for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been issued by HMRC. From April 2024, individuals with a turnover of £10,000 or more from self-employment or property income will be required to make quarterly submissions with a...
Making Tax Digital for VAT
Most UK businesses that were VAT registered on a compulsory basis were obliged to sign up for ‘Making Tax Digital’ (MTD) from April 2019. At that time, there were exemptions available including any person or entity that had a voluntary VAT registration....
Making Tax Digital for Income Tax
Everything you need to know before April 2024.