This blog page is designed to support small business owners with practical advice, updates and guidance across everyday business operations. Our aim is to make complex areas easier to understand and manage.
What is Making Tax Digital for Income Tax (MTD for ITSA)? Making Tax Digital (MTD) is the HMRC initiative to modernise the UK tax system by moving from annual, paper-based reporting to more frequent digital reporting. While MTD for VAT is already fully in force, the next phase is extending digital requirements to income tax for sole traders and landlords. Under MTD for ITSA, affected taxpayers will need to: Keep digital records of income and allowable expenses Use software c
Nov 19, 20253 min read
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