Who will be affected by MTD ITSA?September 28, 2022
Who does Making Tax Digital for Income Tax apply to?
|Eligibility criteria (must meet all criteria to be eligible)||Not eligible to register|
|Accounting period aligns exactly with the tax year (not 31st March)||Income Tax charge (e.g. high income child benefit or pension tax charges)|
|UK tax resident||Under a specific Self Assessment payment arrangement|
|Everything up to date (e.g. no outstanding tax returns or liabilities)||Partner in a partnership (not until April 2025 at the earliest)|
|Registered for Self Assessment, with at least 1 tax return submitted||Minister of a religion, Lloyd's underwriter or qualifying carer|
|Have a National Insurance number||Undergoing bankruptcy or insolvency procedures|
|You've provided HMRC with an up-to-date address||Third party capacitator acting (this doesn't include having an agent)|
What counts as qualifying income?
How does my residency and domicile affect my qualifying income?
What if my income drops below £10,000?
When do I need to register for Making Tax Digital for Income Tax?
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