- Shepherd Partnership
DELAYED: Making Tax Digital for Income Tax Self Assessment (MTD for ITSA)
On Monday (19th December), the government officially announced that MTD for ITSA will be delayed and instead implemented as follows:
MTD for ITSA filing will not become mandatory until April 2026;
from that date, only the self employed and landlords with an income of £50,000 or above will need to comply;
taxpayers with income of £30,000 or more will have to join the scheme from April 2027.
This will come as good news for many as there were ongoing concerns regarding administration of the changes for small businesses, as well as a challenging economic environment at present.