The one-year delay to a 2024 start date for Making Tax Digital (MTD) for income tax self assessment (ITSA) provides more time to prepare for change, but workload planning for the significant shift to in-year reporting needs to happen soon.
The Tax Faculty had a fantastic response to its recent webinar, MTD for ITSA: back to basics and myth-busting and members raised some great questions. Some of the property income questions illustrated how worried ICAEW members are about how those rules will work for their clients.
This Tax Faculty webinar covers the regulations in detail, explains where we are with the development of the policy and the pilot and what agents and taxpayers can do to prepare.
The live broadcast of the webinar took place on 30 November 2021.
View the resources:
ICAEW Know-How from the Tax Faculty
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
More from the Tax Faculty
Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly enewsletter
Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.
Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.