MTD: what you should do now
Description
Making Tax Digital income tax self assessment (MTD ITSA) will start in April 2026 for the self-employed and those with income from property with gross income of more than £50,000. It has been described as the biggest change to affect tax agents and their clients since 1996/97 when self assessment was introduced. This episode of The Tax Track looks at what agents need to do now to ensure that their practice and their clients are ready.
Discussing the issues involved are Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW; Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW; and Rebecca Benneyworth MBE FCA, sole practitioner and tax speaker.
Links
- Making Tax Digital
www.icaew.com/mtd
Panellists
- Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW
- Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW
- Rebecca Benneyworth MBE FCA, founder, Rebecca Benneyworth & Co, tax speaker, writer and consultant, and deputy chair of the Tax Faculty’s Technical and Oversight Committee
Producer
Ed Adams
Episode first published: 29 August 2024
Podcast recorded: 20 August 2024