Making Tax Digital is radically changing the accountancy landscape. Practices of all sizes are being brought on what feels like a very long journey.
You’ll already be applying Making Tax Digital (MTD) to VAT reporting, as part of the United Kingdom government’s modernisation of the tax system. However, from 6 April 2024, MTD will also apply to Income Tax Self Assessment (ITSA).
Any taxpayer earning £10,000 or more in gross income per annum, derived from business turnover and/or property turnover, will need to comply with MTD regulations. This will affect more than four million self assessment taxpayers across the United Kingdom.
Our Destination: MTD ebook gives your practice and your clients clear guidance on how to comply with the new regulations. We’ll also show you how reaching Destination: MTD isn’t just a legal necessity – it’s an opportunity for you.
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