Making Tax Digital for Income Tax Self Assessment delayed for a year.
The introduction of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) has been delayed for a year, HMRC recently announced. The delay has been implemented in response to the challenges many businesses face as a result of the coronavirus (COVID-19) pandemic.
There has been a delay in the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year, HMRC has announced.
The government stated it has made the move in recognition of the challenges faced by many UK businesses as the country starts to recover from the pandemic.
It will now introduce MTD for ITSA in the tax year beginning in April 2024, a year later than planned.
It says the later start for MTD for ITSA gives those required to join more time to prepare and for HMRC to deliver a robust service, with additional time for customer testing in the pilot.
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