Search

Making Tax Digital for Income Tax


https://www.hiclassaccounting.co.uk/making-tax-digital

Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax


If you are a self-employed business or landlord you can voluntarily use software to keep business records digitally and send Income Tax updates to HMRC instead of filing a Self Assessment tax return.

4 views0 comments

Recent Posts

See All

Make sure you think about any crypto gains when you submit your self assessment tax return. The Capital Gains Tax Allowance was £12,300 in the 2020-21 tax year. This means you'll only pay Capital Gain