HMRC have added new sections to their ‘Use Making Tax Digital for Income Tax’ guidance to cover how to notify HMRC of changes in circumstances after having signed up for Making Tax Digital for Income Tax. Most changes can be reported through existing HMRC online services or by contacting the dedicated customer support team. The guidance covers scenarios where a new source of self-employment or property income needs to be included in quarterly reporting income sources which have ceased opting out of the MTD test phase adjusting payments on account and amending a return.
HMRC are also to run events from several locations across the UK to help agents and other stakeholders prepare for MTD. The CIOT is publicising the details.
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HMRC have added new sections to their ‘Use Making Tax Digital for Income Tax’ guidance to cover how to notify HMRC of changes in circumstances after having signed up for Making Tax Digital for Income Tax. Most changes can be reported through existing HMRC online services or by contacting the dedicated customer support team. The guidance covers scenarios where a new source of self-employment or property income needs to be included in quarterly reporting income sources which have ceased opting out of the MTD test phase adjusting payments on account and amending a return.
HMRC are also to run events from several locations across the UK to help agents and other stakeholders prepare for MTD. The CIOT is publicising the details.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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