MTD for ITSA, explained clearly.

Straightforward facts about UK Making Tax Digital for Income Tax.

What it is

A government initiative to digitalise Income Tax reporting.

Who it affects

UK self-employed people and landlords with qualifying income.

What’s changing

Quarterly digital updates required instead of annual returns.

Keep digital records

Set up a digital system to record business income and expenses in real time.

Send quarterly updates

Submit quarterly summaries of your income and expenses to HMRC.

Confirm year-end figures

Check and finalise your figures before submitting the annual declaration.

// Paste a code snippet
import { motion } from "framer-motion";

function Component() {
    return (
        <motion.div
            transition={{ ease: "linear" }}
            animate={{ rotate: 360, scale: 2 }}
        />
    );
}

What is MTD for ITSA?

It stands for Making Tax Digital for Income Tax Self Assessment. It requires digital record-keeping and online tax submissions.

Who must follow MTD for ITSA?

Most UK self-employed individuals and landlords with annual business or property income over £10,000.

What are the key requirements?

Keep digital records, submit quarterly updates, and confirm year-end figures to HMRC.

Newsletter.

Stay updated. Simple tips.

© www.mtdsubmission.co.uk

General information only. Not tax advice.