In mid-December, HMRC announced a delay to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). It was an announcement that had been long rumoured. As it stands, HMRC will require you to continue reporting your income in the same way you always have done...
From 6 April 2024 income tax returns are changing under MTD for ITSA, an extension of the government’s plans to digitalise the UK’s tax system. At Harold Sharp we have already been through the first phase of MTD with our VAT registered clients. That’s why we’re...
