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UK HMRC Consults on Amendments to Making Tax Digital Regulations for Income Tax

11 December 2023

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Proposed Changes

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United Kingdom

UK HMRC has launched a public consultation on amendments to the Making Tax Digital (MTD) regulations for Income Tax. The consultation closes at 11:59 pm on 12 January 2024. --- Draft legislation: Income Tax (Digital Requirements)(Amendment) Regulations 2024 Consultation description From April 2026, Making Tax Digital (MTD) for Income Tax, will apply to relevant persons (unincorporated businesses and landlords) with business and/or property income over £50,000 followed by those with income over £30,000 from April 2027. The Income Tax (Digital Requirements) Regulations 2021 (SI 2021 No 1076) set out the requirements that relevant persons must comply with under MTD for...