tax

HMRC-led registration for MTD for income tax: what accountants need to know

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HMRC-led registration for MTD for income tax: what accountants need to know

Have any of your clients received an online message or letter from HMRC confirming they have signed up to Making Tax Digital (MTD) for Income Tax? As an accountant or accountant who serves sole proprietors or landlords, some of them may soon contact you with questions about what this means and what to do next. … Read more

HMRC registered me for MTD for income tax. What should I do now?

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HMRC registered me for MTD for income tax. What should I do now?

Key insights If HMRC has automatically enrolled you in Making Tax Digital (MTD) for Income Tax, This means that the documentation shows that you are obliged to use the service and have not yet registered. Automatic login does not make you fully compliant. You must continue to maintain digital records, file quarterly updates, and file … Read more