If you’re a business owner or self-employed professional in the UK, you will have come across across the term Making Tax Digital (MTD). But when exactly does it start, and what do you need to do to comply? Let’s break it down.

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is a major change in the way self-employed individuals and landlords in the UK manage and report their taxes. It’s part of the government’s wider initiative to modernise the tax system, making it more efficient and less error-prone.

Making Tax Digital For Income Tax- FAQS: Everything You Need to Know.

Since the Budget, we have read many debates on arguably one of the most talked about tax policy changes since the new government took office–the employer NIC increase.