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07805140328 - susan@srdas.co.uk
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is HMRC's new digital tax reporting system for self-employed individuals and landlords.
If you are a self employed business owner or a landlord with turnover in the 2024/2025 tax year was over £50,000 you are mandated to file quarterly reports to HMRC. That’s combined turnover.
It’s not automatic, you need to register.
It doesn’t need to be full accounting software, spreadsheets are fine but you will need access to bridging software to file.
If you need some advice on how MTD ITSA is going to impact you, or if you would like to know how I can help you ensure quarterly reporting is stress free then please do not hesitate to get in touch.