Making Tax Digital for Income Tax applying to the self-employed and landlords with gross incomes over £10,000 was originally set to apply from April 2023.
However, HMRC has this week announced that MTD for ITSA will now be delayed until April 2024.
A welcome stay of execution?
For some, yes, but for those who have been planning the move to MTD anyway, it should not deter them from continuing with their Digital journey, and reaping the benefits of online accounting with more timely and accurate data.
To find out more about MTD for ITSA, or if you feel that you could benefit from chatting about it with one of our team, do get in touch. We are already answering our clients’ questions with MTD training and would love to help you get to grips with it too.