HMRC has issued a policy update for Making Tax Digital (MTD) for income tax self-assessment (ITSA), together with draft regulations which will set out the formal requirements for record retention and data submission, and will provide a number of exemptions.
From April 2023, all ITSA taxpayers earning more than £10,000 business and property income per year will be required to join MTD, with the following exceptions:
HMRC has issued a policy update for Making Tax Digital (MTD) for income tax self-assessment (ITSA), together with draft regulations which will set out the formal requirements for record retention and data submission, and will provide a number of exemptions.
From April 2023, all ITSA taxpayers earning more than £10,000 business and property income per year will be required to join MTD, with the following exceptions: