MTD ITSA delayed to April 2024
Making Tax Digital (MTD) and Sole Trader Businesses and Landlords
Are you a Sole Trader or Landlord with a turnover greater than £10,000?
Have you heard of MTD and how it affects your financial business reporting to HMRC?
From 6th April 2023, (DELAYED TO APRIL 2024) HMRC are introducing new financial reporting rules to Sole Traders and Landlords with turnovers greater then £10,000. From this time, you will need to be using MTD compliant software to prepare and submit your accounts to HMRC, which will be done digitally every quarter with a total of 5 submissions. These are made up of 4 quarterly submissions and 1 final submission.
It is our mission to ensure if you fall into this category, you are confident and prepared before the live date of 6th April 2023.
Contact us for a free consultation to discuss how MTD may affect your business.
We are here to support you!