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Currently landlords and the self-employed submit an annual tax return to HMRC.
A new system is taking over in 2024. Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) will mean more frequent submissions to HMRC. We’ve outlined the plans below. Read on to learn if you’ll be affected.
The government has come under increasing scrutiny this week after a tax agreement reached with Google was labelled a “major success” by George Osborne, but dismissed as a raw deal by almost everybody else.
The £130 million deal, which covered ten years of trading, was branded a “sweetheart deal” by the Labour finance minister, while on David Cameron’s government benches the business minister Anna Soubry admitted that it did not appear to be an “awful lot of money.”
