Key MTD Start Dates

HMRC says you do not need to start using Making Tax Digital for Income Tax until after you have submitted your first Self Assessment Tax Return. HMRC will review Self Assessment Tax Returns and write to taxpayers who need to join, but it remains the taxpayer’s responsibility to check whether and when they need to use MTD.

Who may be affected?

You may need to use MTD for Income Tax if you are:

• • a sole trader;
  • a landlord;
  • both self-employed and a landlord;
  • already registered for Self Assessment;
  • receiving qualifying income above the relevant threshold.

MTD for Income Tax does not currently apply to limited companies. What will MTD involve?

If you are required to use MTD for Income Tax, you will usually need to:

• • keep digital records;
  • use compatible software;
  • send quarterly updates to HMRC;
  • submit a final declaration/end-of-year position;
  • keep records up to date throughout the year.

How P&N can help

P&N Accountants Limited can help existing clients prepare for MTD by:

• • reviewing whether MTD may apply;
  • helping clients understand the key dates;
  • advising on digital record keeping;
  • reviewing income, expense, CIS and mileage records;
  • helping clients provide quarterly information;
  • supporting clients with the transition to digital record keeping.

P&N MTD Portal

The P&N MTD Portal is being introduced to help existing clients provide information to P&N in one place. The portal may allow clients to provide:

• • income information;
  • expense information;
  • CIS details;
  • mileage and vehicle information;
  • receipts and supporting documents;
  • quarter/period information.

The P&N MTD Portal is for existing P&N clients only.

Submitting information through the P&N MTD Portal does not, by itself, mean that any tax return, MTD quarterly update, final declaration or other submission has been filed with HMRC.

To access the Existing Client Portal Login, please click the button below:

Important note

This information is a general guide only and should not be treated as personal tax advice. Your own MTD start date depends on your circumstances, income sources and HMRC position.

Existing P&N clients should contact us if they are unsure whether MTD applies to them.