Signup to the SWLA
It had initially been proposed that all landlords with a gross rental income above £10,000 would need to be using MTD by 2024. Here are the new plans…….
You need to follow the requirements for Making Tax Digital for Income Tax if you are self-employed or a landlord from:
Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a live pilot to test and develop the Making Tax Digital for Income Tax. If you are a self-employed business or landlord, check if you can voluntarily sign up now through your software provider.
If you’re signing up your own business, you should use the step-by-step guide for Making Tax Digital for Income Tax to get started.
If you’re an agent, you should follow the Making Tax Digital for Income Tax step by step guide for agents.
