Making Tax Digital for ITSA - Where Are We Now?

Date: 16 September 2024

Making Tax Digital for Income Tax is a significant change for you, your clients and HMRC. We need everyone who will be impacted to be ready for this change.

Digital record keeping and the use of third-party software to submit quarterly updates and the end of year tax return are major requirements that will impact on agents, and their clients.

There are also opportunities for you and your customers to participate in our Testing programmes in 2024-25 and 2025-26, ahead of mandation in April 2026.

Testing provides the opportunity for accountants to see the full process in operation, identify any bugs and help them be resolved, ask questions and get more insight about MTD for Income Tax which could help prepare for other clients coming in. 

We hope that you will take away key content on: 

• How you can prepare for ITSA mandation from April 2026? What do you need to think about, about getting prepared? What readiness plan will you create, have in place and implement, and over what timeframe? 

• What to do to prepare your clients for this digital shift? What do we need to do to raise awareness, provide information, support and advice, and have them ready for April 2026, if not earlier? 

• Digital Record Keeping – who will create and maintain the required business records in an acceptable digital format? What processes will I need to think about having in place ahead of 2026? 

• Voluntary testing programme in 2024-25. Who can come in? How do I get involved? 

• HMRC plans for volume voluntary testing in 2025-26