MAKING TAX DIGITAL FOR INCOME TAX

The Way You Submit Your Self Assessment Is Changing.

For years, Self Assessment has followed a familiar routine. Keep track of your income and expenses, pull everything together at the end of the tax year and submit your return to HMRC.

But Making Tax Digital for Income Tax is changing that for sole traders and landlords who fall within the new requirements.

Instead of reporting everything just once a year, you'll need to keep digital records, submit quarterly updates and complete a final declaration.

And with the changes being introduced in stages, it's important to understand when they apply to you.

Your 30-Minute Rundown of MTD for Income Tax...

✓ Who MTD for Income Tax applies to and when

✓ The income thresholds that determine your start date

✓ What quarterly updates actually involve

✓ Digital record-keeping requirements

✓ Choosing MTD-compatible software

✓ Key deadlines and potential penalties

✓ Practical steps you can take to prepare

Your 30-Minute Rundown of MTD for Income Tax...

✓ Who MTD for Income Tax applies to and when

✓ The income thresholds that determine your start date

✓ What quarterly updates actually involve

✓ Digital record-keeping requirements

✓ Choosing MTD-compatible software

✓ Key deadlines and potential penalties

✓ Practical steps you can take to prepare

Your 30-Minute Rundown of MTD for Income Tax...

✓ Who MTD for Income Tax applies to and when

✓ The income thresholds that determine your start date

✓ What quarterly updates actually involve

✓ Digital record-keeping requirements

✓ Choosing MTD-compatible software

✓ Key deadlines and potential penalties

✓ Practical steps you can take to prepare

Ready to Feel More Prepared for MTD?

Ready to Feel More Prepared for MTD?

Hit the button below and let Alexis walk you through what's changing. Because sometimes it's easier to have someone explain things to you than to read the same paragraph of HMRC guidance five times and still be none the wiser.

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