HMRC launches MTD for Income Tax pilot

22 Apr 2024

HMRC's pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) launches today (22 April).

Accountants and agents are now able to sign up to the pilot and test the programme out. The pilot aims to assess the MTD for ITSA reporting environment, with an initial focus on clients who are self-employed and landlords with annual income exceeding £50,000.

These clients will be mandated to keep digital records and submit quarterly updates on their income and expenditure to HMRC via MTD-compatible software from April 2026.

HMRC has urged accountants and agents seeking to participate in the pilot to ensure that their record keeping software is up to date and compatible with MTD prior to signing up. Accountants' clients must also have MTD-compatible software.

A spokesperson for HMRC said: 'Taking part in testing is a good opportunity to familiarise yourself and a small number of your clients with MTD for ITSA well ahead of 2026. This will help you to prepare your business and be ready to support the rest of your clients.'

Contact details

Tel: 07889 895602

Email: enquiries@avenue-bs.com

Address

Avenue Business Services, 5a The Gardens, Fareham, Hampshire PO16 8SS


Home | Accessibility | Disclaimer | Help | Site map | © 2024 Avenue Business Services. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

sbgn.png ICAEW