The dates for MTD for Business seem to change constantly, the Government and HMRC seem unable to create a plan and stick to it.

Yesterday we had a new announcement

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The income tax pilot has been running for sometime now and it was expected to go live in April 2022 so basically its been pushed back 2 years.

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What is MTD for Income Tax?

• Digital business records
• Quarterly summary of income and expenditure sent to HMRC via software
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• Finalise affairs using software – replaces existing Self Assessment Return
• For sole traders, landlords and partnerships
• Affecting around 1million tax payers
• Will include bank interest, dividends, charitable giving

steve@bicknells.net