If you're self-employed or a property landlord, the Government just made an announcement that will affect you.

It's about Making Tax Digital for Income Tax - or MTD for short. It's the new way for self-employed people and landlords to be reporting your tax. You'll need to use software - and untied is already recognised by HMRC for this.

It was meant to be mandated from April 2023, but the new timetable means that it will not come in until a year later - in April 2024.

As we're ready and among the few software products recognised, you might expect untied to be disappointed that there's a delay. Actually we think it's the right choice - this gives everyone more time to make sure that everything works. We are calling on HMRC to ensure that the pace of development does not slow as a result of this extra time though.

untied users will be among the most ready for this - and will already be enjoying all the benefits that HMRC are seeking from MTD. Stuff like real time tax calculations. Streamlined filing. Automatic optimisation. No need to wait for MTD - it's here now! If you're not already a user, just pick your trial to sign up!

Related Posts

Everything accountants need to know about Making Tax Digital for Income Tax

**This page was updated on 23rd September 2021 following the government's announcement of a revised timeline for Making Tax Digital for Income Tax Self Assessment. See untied's response to the announcement here** You’ve probably heard that Making Tax Digital (MTD)...

What is the best accounting software for Making Tax Digital for Income Tax?

Starting in April 2024, Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) changes will require taxpayers with business or property income over £10,000 to:

On your marks for Making Tax Digital

Last updated 24 September 2021 On 23rd September 2021, the government announced a revised timeline for Making Tax Digital for Income Tax Self Assessment, giving more time for businesses before mandatory adoption begins in April 2024. You can also see untied's...