After many years of delay, HMRC has finally confirmed the introduction of MTD for ITSA to start from April 2026.
Originally, all individuals with property and/or self-employment income exceeding £10,000 had to comply from April 2024.
HMRC have now updated the legalisation to the following total income thresholds and dates:
April 2026 – Income exceeding £50,000
April 2027 – Income between £30,000 and £50,000
HMRC will be reviewing how MTD for ITSA affects those with income under £30,000.
In addition, the requirement for general partnerships to comply in 2025 has also been scrapped.
You can still prepare for MTD for ITSA
Despite the delay in MTD for ITSA, we still recommend you look for a digital solution regarding your self-assessment as soon as possible. Using a suitable software to keep your records allows you to know more about your finances, with the ability to run real time reports and track your business’ cash flow position. Alternatively, please contact RollPay on 0800 131 0 131 to discuss this in more detail, as we can provide a fully managed solution to this problem on your behalf.
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