Making tax digital (mtd) for income tax – it’s coming [sooner than you think !]
7 7, 2022June 7, 2022
Although there has been a delay to the implementation of ‘Making Tax Digital’ (MTD) for Income tax and Self Assessment taxpayers – it is now planned.
- to start from 6th April 2023 for NEW sole trader/landlord taxpayers (with turnover over £10,000)
- as a requirement for ALL sole traders and landlords to sign up for MTD for Income tax from April 2024
Are you aware of how it may affect your sole trader business, OR your income as a landlord – see our summary of the changes below !