MTD - MAKING TAX DIGITAL FACT SHEETS

MTD for ITSA – What action can we be taking NOW?

As accountants, we have been hearing about MTD for long enough to know that choice has been removed and the new way of (quarterly)...

MTD for ITSA – The software race begins

HMRC may be allowing eligible businesses to voluntarily sign up for MTD for Income Tax Self-Assessment (ITSA) but we advise not rushing...

MTD for ITSA – More software gains HMRC status

Since the initial compliant software was announced in early August (MTD for ITSA – The software race begins), several more software...

Moving to a tax year basis and dealing with provisional figure

Further to the our previous article on basis period reform, HMRC has now put out a Technical Paper with some considerations on how to...

HMRC update MTD ITSA requirements

HMRC have now published draft notices of the detailed Making Tax Digital (MTD) for Income Tax provisions for consultation. The...

HMRC’s latest MRD Guidance

HMRC have gifted practitioners with an end of summer treat in the way of further guidance on MTD for ITSA. Four documents have been...

Basis Period Reform – for self-employed individuals and all partnerships/partners

New legislation taking effect in 2023/24 will affect non-corporate trading businesses that prepare accounts to a date other than 31 March...

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