HM Revenue & Customs is implementing Making Tax Digital (MTD) for Income Tax Self-Assessment, a digital tax reporting requirement that mandates quarterly submissions for eligible taxpayers. The government is reducing the mandation threshold from £30,000 to £20,000 from April 2028, with ongoing scrutiny of SME compliance costs and calls to extend the rollout period and reduce reporting frequency.
We welcome views on this technical consultation for the proposed new Income Tax (Digital Requirements) (Amendment) Regulations 2024 and associated notices.
We welcome views on this technical consultation for the proposed new Income Tax (Digital Requirements) (Amendment) Regulations 2024 and associated notices.
In response to: Digitalising Business Rates: connecting business rates and tax data
We welcome views on proposed notices made under regulations 3, 8, 12 and 16 of the Income Tax (Digital Requirements) Regulations 2021 (SI 2021 No. 1076).
We welcome views on proposed notices made under regulations 3, 8, 12 and 16 of the Income Tax (Digital Requirements) Regulations 2021 (SI 2021 No. 1076).
This consultation sets out three possible models for late submission penalties and provides an update on late payment penalty interest.
This consultation sets out three possible models for late submission penalties and provides an update on late payment penalty interest.
This consultation sets out three possible models for late submission penalties and provides an update on late payment penalty interest.
This document summarises the main design choices and questions from the Making Tax Digital consultations for small businesses and landlords.
A consultation on how digital record keeping and regular updates should operate.
A consultation on how digital record keeping and regular updates should operate.
This document summarises the main design choices and questions from the Making Tax Digital consultations for small businesses and landlords.
A consultation on how digital record keeping and regular updates should operate.
This document summarises the main design choices and questions from the Making Tax Digital consultations for small businesses and landlords.
HM Revenue & Customs invites comments on possible changes to rules on deduction of tax from savings income.
HM Revenue & Customs invites comments on possible changes to rules on deduction of tax from savings income.
HM Revenue & Customs invites comments on possible changes to rules on deduction of tax from savings income.