Sign-up for MTD for IT criteria updated

The criteria for voluntarily signing up MTD for income tax now has been updated.

In particular for individuals there is clarification that compatible software is required and that the taxpayer’s accounting period must run from 6 April to 5 April. However the individual must be UK resident have a National Insurance number be in self assessment and be up to date with HMRC. It is still not possible for individuals to sign up if they need to report income or deductions from employment pensions or student loan repayments or if they have an income tax charge for example the high income child benefit charge.

A complete list of criteria for voluntary sign up of taxpayers by agents has been added under the heading ‘Check if you can voluntarily sign up your client now’.

HMRC sign...