MTD Delay

23rd September 2021

Making tax digital for income tax is being delayed, originally due to come in from 6 April 2023 this has now been delayed until 6 April 2024 for individuals and landlords.  General partnerships have been delayed further until 6 April 2025.

 

The government has said  that it recognises the challenges faced by many UK businesses and their representatives as the country emerges from the pandemic and this delay provides more time for those required to join to make the necessary preparations.

 

Here is the link to the full written statement  Written Statement

 

Lucy Frazer, Financial Secretary to the Treasury, said:

‘The digital tax system we are building will be more efficient, make it easier for customers to get tax right, and bring wider benefits in increased productivity.

‘But we recognise that, as we emerge from the pandemic, it’s critical that everyone has enough time to prepare for the change, which is why we’re giving people an extra year to do so.

‘We remain firmly committed to MTD and building a tax system fit for the 21st century.’

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