HMRC seeks volunteers for digital pilot scheme
HMRC seeks volunteers for digital pilot scheme
HMRC is opening up its Making Tax Digital for income tax self assessment (MTD ITSA) pilot scheme.
From 6 July 2022, people whose income falls into in the following categories can volunteer to take part:
• self-employment (including multiple self-employments).
• UK property.
• Gift Aid.
• Pay As You Earn income, including employment income and occupational pensions (excluding those with a coded out liability).
• UK interest.
• UK dividends.
One of the conditions is that the taxpayer will need an accounting period that aligns to the tax year (6 April to 5 April) to join the 2022–23 pilot and be using MTD-compatible software before signing up.
HMRC said it wanted more agents to sign up a small number of their clients to the scheme. “If you are interested in joining, we suggest you review your client list now and see who is likely to be eligible based on the criteria,” it said.
Those joining the pilot “will have the benefit of testing MTD ITSA before 2024, including their own processes for managing MTD”, it said.
Anyone interested in signing up for the pilot should email HMRC on mailboxmakingtaxdigital@hmrc.gov.uk for information on how to sign up.
MTD ITSA is due to go fully live on 6 April 2024 for all businesses with annual income from self-employment or property above £10,000.