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Government Postpone Making Tax Digital for Income Tax 20 2024/25 - September 27th 2021

The government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) a year later than planned, in the tax year beginning in April 2024. 

This will give the self-employed and buy to let landlords an extra year to prepare for the digitalisation of Income Tax and also allow HMRC more time for customer testing of the pilot system. 

The start date for partnerships to join MTD if ITSA has been put back still further to the tax year beginning in April 2025. 

There has been no change to the £10,000 per annum gross income threshold which means that most self-employed traders and buy to let landlords will be mandated to comply with MTD for income tax from April 2024.

Pop over to our Knowledge Hub for further information on MTD