top of page
  • Farrell & Farrell

UK: Making Tax Digital (MTD) for Income Tax Extended by another year

HMRC has announced today that Making Tax Digital (MTD) for Income Tax Self-Assessment has been pushed back by a further 12 months. HMRC has made this decision in response to the challenges faced by many UK businesses as a result from the pandemic.


The quarterly digital reporting for landlords and the self-employed was initially due to start in 2023, however this will now be introduced a year later, in the tax year beginning in April 2024.


General Partnerships will not be required to join MTD for Income Tax Self-Assessment until the tax year beginning in April 2025.


12 views0 comments

Recent Posts

See All

UK: The minimum standards for private rented properties

The minimum standards for private rented properties have been set as a: • Smoke alarm installed in;  The room which is most frequently used by the occupants for general daytime living purposes (norma

UK: Interest rates remain unchanged at 5.25%

The Bank of England has today confirmed that interest rates will remain unchanged for the sixth time in a row at 5.25% as expected. #FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors

Comments


bottom of page