HMRC videos and webinars for Making Tax Digital for Income Tax
Key takeaway
HMRC publishes guidance and webinars for Making Tax Digital for Income Tax, affecting sole traders and landlords.
- Step 1 · The triggerHMRC publishes MTD for Income Tax guidance and webinars.
- Step 2 · Knock-onSole traders and landlords must adopt digital record-keeping and quarterly reporting, increasing compliance costs.
- Step 3 · Reaches youIncreased demand for accounting software and professional services; potential for reduced tax errors and improved HMRC efficiency.
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: HM Revenue & Customs
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