Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is delayed but don't delay your client digitisation plan. Now is the perfect time to get your clients ready and with our new Individual plans from Sage Accounting, you'll leave no clients behind. Join the webinar and download our guide Making Tax Digital for accountants to get started.
Both you and your clients need to use MTD compatible software to submit tax returns and store digital records. While this brings challenges across workflows for accountants and bookkeepers, by using Sage Accounting, you can easily meet key requirements and leave no clients behind.
Sage Accounting including the new Individual plans is available through Sage for Accountants – the platform for managing both client and practice subscriptions, recognised by HMRC as MTD ITSA compatible.
MTD for ITSA will be mandated for sole traders and landlords with an income of more than £50,000.
Mandated businesses will be required to use MTD compatible software to keep digital records and submit quarterly summaries of income and expenses. In addition to this, mandated businesses will also need to make a Final Declaration (which replaces the self-assessment paper return) either through MTD compatible software or through their HMRC online services account.
MTD for ITSA will be mandated for sole traders and landlords with an income of between £30,000 and £50,000.
Mandated businesses will be required to use MTD compatible software to keep digital records and submit quarterly summaries of income and expenses. In addition to this, mandated businesses will also need to make a Final Declaration (which replaces the self-assessment paper return) either through MTD compatible software or through their HMRC online services account.
Add and edit custom or pre-set tags to group clients using Client Management – complimentary with Sage for Accountants.
