Hmrc Making Tax Digital For Income Tax self-assessment

October 12, 2022 1 Min read Views 72 FINANCE

From 6 April 2024 landlords and Self-employed businesses with annual income above £10,000 will require to follow the regulations for MTD for ITSA. Making Tax Digital (MTD) programme of HMRC designed to push the UK towards completely digital tax system, which intended to let taxpayers to efficiently maintain digital records and notify their tax liabilities and payments in real time.

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Hmrc Making Tax Digital For Self-assessment Tax − Individuals with business and rental income over £10,000 per annum will need to make quarterly report under MTD ITSA (Making Tax Digital for Income Tax....