MTD for ITSA (Income Tax & Self Assessment) ***updated 19-12-22

MTD for ITSA has been delayed by HMRC by 2 years to April 2026. The criteria has also changed. The first group of individuals who will need to comply will be those with a turnover of £50,000 pa or above. Followed by those with a turnover of £30,000 or above from April 2027.

We are 1 of only 100 accountancy practices across the UK currently taking part in the MTD trials. We are working with not 1 but 2 different software providers along with HMRC to test their new solutions and offer advise.

One of the software solutions we are testing WILL allow the use of excel spreadsheets.

MTD for VAT
HMRC have already implemented MTD for VAT registered businesses. If you are VAT registered and not yet set up for MTD please get in touch. Your HMRC online account will no longer be active for filing VAT returns from 1st November 2022 and penalties are now in full force for those not using the new system.

HMRC latest guidance can be found here:

Overview of Making Tax Digital - GOV.UK (www.gov.uk)