Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Delay digital tax reporting requirements for self-employed

14 December 2022
Issue: 4870 / Categories: News

The government should think again about its plans to make it compulsory for self-employed businesses and landlords to keep digital records and report their income quarterly from April 2024 say tax advisers.

In a survey of tax professionals about making tax digital for income tax self assessment (MTD for ITSA) carried out by the Chartered Institute of Taxation and Association of Taxation Technicians 97% of respondents did not think that MTD for ITSA in its current form could be successfully introduced from April 2024.

The survey found further that 94% of respondents were uncomfortable with the level of taxpayer awareness and taxpayers’ ability to comply. Nearly two-thirds (65%) had concerns about the availability of suitable software.

On HMRC’s capacity and resources to support taxpayers and agents only 3% of respondents felt this was the case.

There was considerable support for pausing...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon