Use Making Tax Digital for Income Tax

Summary

Guidance for sole traders, landlords and agents who want to volunteer to use and test HMRC's new way of reporting income and expenses for the tax year 2024 to 2025.

Contents

• Introduction

  About Making Tax Digital for Income Tax and what to expect after you sign up.

• Before you sign up

  Check if you can sign up voluntarily, choose and authorise your agent and software.

• After you sign up

  Learn what support is available and how to use your new online tax service.

• Create digital records

  How to create and store digital records of your income and expenses for Making Tax Digital for Income Tax.

• Send quarterly updates

  How and when to send quarterly updates, based on your accounting period.

• Adjust your business income

  How to make adjustments after you have submitted your final quarterly update.

• Finalise your Income Tax position

  How to file your Self Assessment tax return while volunteering to use Making Tax Digital for Income Tax.

• Help and support

  Find help, including from HMRC, if you need it.