Fancy being an HMRC digital guinea pig?
Last Updated on 31 March 2022
I was struck recently that only nine people are in the pilot scheme for Making Tax Digital for Income Tax Self-assessment (known, horribly, as MTD-ITSA).
This is the massive HMRC project requiring sole traders (people registered as ‘self-employed’) and landlords to report turnover and business costs quarterly from April 2024, using special ‘cloud accounting’ software.
It seems the FT is equally struck. As it points out, that’s nine volunteers out of a group of about 4,000,000 who will be affected by this in just two years’ time.
Read the article here:
So how do you fancy joining in? The FT article makes a good argument for being a bit of a guinea pig, as HMRC will be able to smooth the way for you and people like you.
Here’s the relevant page on gov.uk:
And if you volunteer to become part of the pilot scheme, do let me know how you get on![PS: Much as I’d like to, I can’t join in as I run a limited company and am not a sole trader.]
Posted on 01 March 2022