Friday, September 24, 2021

UK - Businesses get more time to prepare for digital tax changes. Making Tax Digital for Income Tax will now be introduced in April 2024.

Businesses will have an extra year to prepare for the digitalisation of Income Tax, HM Revenue and Customs (HMRC) has announced. 

Recognising the challenges faced by many UK businesses and their representatives as the country emerges from the pandemic, and having listened to stakeholder feedback, the government will introduce Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) a year later than planned, in the tax year beginning in April 2024. 

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