Making Tax Digital: ready to fly?

Though entry to Making Tax Digital for income tax self assessment (MTD ITSA) is being phased in, the first returns under the new rules are due to be made in 2024. MTD for VAT (MTDfv) already applies to all VAT-registered businesses. What, however do the MTD rules mean in practice? HMRC suggests many people are unsure which developments apply to them. We look here at what is known so far, and what might affect you. You can read the full briefing below or download it by clicking here.

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