Lentells Limited

CHARD 01460 64441 | SEATON 01297 20584 | TAUNTON 01823 286274 | PAYROLL 01460 68700
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Thursday, 07 July 2022 12:46

MTD for income tax exemptions

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will come into force for landlords and sole traders from April 2024, after being delayed by a year. General partnerships will not be required to join MTD for ITSA until the tax year beginning in April 2025. 

HMRC has now clarified MTD for ITSA exemptions. Taxpayers will be able to apply for an exemption from MTD for ITSA for the following reasons:

  • It’s not practical to use software to keep digital records or submit them – this may be due to your age, disability, location or another reason;
  • You are a practicing member of a religious group, society or order whose beliefs are incompatible with using electronic communications or keeping electronic records.

It is important to explain how these reasons apply to your own circumstances so HMRC can make a decision on eligibility for an exemption.

HMRC will consider the information and will contact taxpayers to let them know that they are either exempt or if not exempt, will provide details of how to appeal the decision.

Last modified on Tuesday, 04 October 2022 11:53

        

 
 

Chard Office

17-18 Leach Road 
Chard Business Park 
Chard
Somerset 
TA20 1FA

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01460 64441

Seaton Office

Kingsway
50 Fore Street
Seaton
Devon
EX12 2AD

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01297 20584

Taunton Office

Ash House, Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ

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01823 286274