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Making Tax Digital: key facts for sole traders and private landlords
Manage episode 360876327 series 3392736
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Presented by leading small-business and tax content expert Mark Williams, the brand new Tax Tea Break with GoSimpleTax podcast series is packed with FREE tax tips for sole traders, private landlords and expat Brits.
In this, the sixth and final episode of our first series, Govinder Saimbhi of UK tax authority HMRC provides essential information about key government initiative Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) and explains how it could affect you if you’re a sole trader or UK landlord.
Topics discussed include:
● Why MTD for ITSA is being introduced by HMRC.
● When it will be introduced and who it will affect first.
● How MTD for ITSA will change tax data recording and reporting requirements for many sole traders and UK landlords.
● How you may be able to claim exemption from MTD for ITSA.
● Where you can find out more about MTD for ITSA.
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