MTD for ITSA, explained clearly.
Straightforward facts about UK Making Tax Digital for Income Tax.
What it is
A government initiative to digitalise Income Tax reporting.
Who it affects
UK self-employed people and landlords with qualifying income.
What’s changing
Quarterly digital updates required instead of annual returns.
Keep digital records
Set up a digital system to record business income and expenses in real time.
Send quarterly updates
Submit quarterly summaries of your income and expenses to HMRC.
Confirm year-end figures
Check and finalise your figures before submitting the annual declaration.
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