Making Tax Digital – Updated HMRC guidance

HMRC has updated some of its guidance pages on Making Tax Digital (MTD).

HMRC have also made some updates to Making Tax Digital (MTD) guidance pages, including those noted below.

Work out your qualifying income for Making Tax Digital for Income Tax has clarified the impact that self-assessment amendments have on MTD qualifying income and have clarified the process where a taxpayer ceases to have sources of MTD qualifying income.

Sign up for Making Tax Digital for Income Tax and Sign up your client for Making Tax Digital for Income Tax have both been updated to explain that taxpayers who aren’t required to sign up for MTD but who wish to do so have the option to sign up for the current or subsequent tax year. 

In the Use Making Tax Digital for Income Tax pages:

• Guidance on repayments, situations where the taxpayer signs up for the wrong tax year and links to the HMRC Digital Assistant have been added to the help and support section.
• A new ‘add or cease income sources’ section has been created.
• The if your circumstances change section has been updated in respect of guidance on opting out of MTD and using MTD voluntarily together with some sections being moved to improve readability of the guidance and reflect other changes made.

Links to all HMRC MTD guidance on gov.uk and other MTD information can be found in our MTD Hub.

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