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Self Employed: "Making Tax Digital"? But I already submit tax returns online (i.e. digitally)
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Just sharing some useful resources for anyone affected by MTD that would like more information. We have prepared a making tax digital information hub on our website which is aimed at unrepresented taxpayers and provides guidance on every part of the process.
Making tax digital for income tax | Low Incomes Tax Reform Group
We have also just uploaded a video to our YouTube channel which sets out the basics about the scheme.
What is Making Tax Digital for Income Tax? - YouTube
One important point to note is that it is an individual's gross income (before expenses) which is relevant for MTD, meaning some people on relatively low or modest incomes may still be affected.
Hope this is helpful.
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I am an official representative of LITRG (Low Incomes Tax Reform Group) part of the Chartered Institute of Taxation who are an educational charity. We are not part of MSE or HMRC. MSE has given permission for me to post on the Forum but this does NOT imply any form of approval of my organisation or its products by MSE. We can’t give individual advice, but if you require further help, we recommend that you contact a tax adviser, HMRC or one of the tax charities where relevant. You can find more information about where to get help with tax here. If you believe I am posting inappropriately please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"2
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