Pilot expanded to allow all self-employed taxpayers to join digital revolution
Posted by mostafa on 20 March, 2018
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HMRC has opened its Making Tax Digital (MTD) income tax pilot to allow all self-employed taxpayers to join.
Sole traders with an accounting period ending after 5 April 2018 can use software to keep digital business records and send income tax updates to HMRC. In some cases, this will remove the need to file a self-assessment return after 2017-18.
Once the taxpayer has linked their software to HMRC they will be reminded when to send their income tax updates. They …