MTD for Income Tax Self-Assessment
Making Tax Digital (MTD) is being introduced for Income Tax Self-Assessment (ITSA) from 6 April 2023. Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for ITSA from their next accounting period starting on or after 6 April 2023.
Some businesses and agents are already using software to keep their business records digitally and provide updates to HMRC on a voluntary basis as part of a live pilot to test and develop the MTD for ITSA service. Further information on how the rules work, how to keep digital records, where to find appropriate software for sending updates to HMRC and how to sign up to the pilot is available on GOV.UK.
See our Technical News section for the latest news on MTD for ITSA.