On 19th December the government announced that the first phase of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will not be mandated until April 2026. Prior to this announcement, the mandatory use of software to remain compliant was set for April 2024.
You can read HM Revenue & Customs announcement in full here.
What does this mean for self-employed individuals & unincorporated landlords?
Self-employed individuals and landlords with an income of more than £50,000 will now have an additional two years to prepare for MTD ITSA.
We are ready to help you with the changes ahead
We work with a number of products that are ready and recognised by HMRC for MTD and we’ll help you find a product that works for you.