ResourcesMTD for ITSA

MTD for ITSA

To discover how practices are planning to address MTD for ITSA, Accountancy Age partnered with Sage to conduct a comprehensive survey of UK accountancy firms. We asked practitioners about the long-term benefits of MTD, the technological solutions clients will need to adopt and perceived opportunities for growth.

It’s taken over half a decade for the UK Government to realise its vision for a digitally led tax system. A constantly shifting political spectrum and a global pandemic forced HMRC to delay implementing Making Tax Digital (MTD) multiple times.

Finally after the successful launch of MTD for VAT in March 2021, HMRC has unveiled its roadmap to implement MTD for Income Tax Self Assessment (ITSA). The motion will come into force from April 2024, and requires sole traders, partnerships and landlords with an income over £10,000 to report their earnings quarterly rather than just annually.

This report features:

  • Opportunities for growth
  • Overcoming major obstacles
  • Client collaboration and retention
  • Adopting new solutions
  • Evolving price structures
  • Long-term structures

To uncover all the insights, download your free copy of the report below:

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

11m

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

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2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

1y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

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Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

10m

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

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Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

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Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

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