Making Tax Digital: A Quick Guide for the Construction Industry
The government’s Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is coming - and if you’re a self-employed builder, electrician, plumber, or any other sole trader within the construction sector, it’s time to get prepared. After successfully rolling out MTD for VAT in 2019, HMRC is now moving forward with digital reporting for income tax. This means you’ll need to keep digital records and submit income updates quarterly—not just once a year.
1 0 | SCRUTTON BLAND | P R O P E R T Y A N D CONSTRUCTION
Made with FlippingBook Learn more on our blog