Almost 430,000 Taxpayers Miss First Digital Tax Deadline

Almost 430,000 taxpayers miss first digital tax deadline

NEARLY half of people eligible for digital tax reporting have missed the first quarterly deadline for Making Tax Digital (MTD) for Income Tax.

Only Half of Eligible Taxpayers File First 'Making Tax Digital' Return

Just over half of eligible taxpayers filed their first of five annual tax returns in the hated new ‘Making Tax Digital’ scheme. This is going to be a disaster… Last year HMRC told more than 864,000 sole traders and landlords that they were required to enter Making Tax Digital for Income Tax from 6 April…

HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake | Accountants Bury St Edmunds, Ipswich & Thetford

The first quarterly filing deadline for MTD for Income Tax passed on 7 August, with 864,000 sole traders and landlords earning over £50,000 a year set to have signed up and completed the filing. However, this has quickly proven not… The post HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

After a slow uptake in MTD, HMRC is set to automatically enrol people from September

The first quarterly filing deadline for Making Tax Digital (MTD) for Income Tax passed on 7 August. Ahead of the deadline, it was expected that around 864,000 sole traders and landlords earning more than £50,000 a year would have registered and completed their first filing. However, the reality has been quite different. HMRC is now working to encourage those who have not yet signed up to do so before the next deadline on 7 November. What happene…

First Making Tax Digital quarterly reporting figures released

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HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake

The first quarterly filing deadline for MTD for Income Tax passed on 7 August, with 864,000 sole traders and landlords earning over £50,000 a year set to have signed up and completed the filing. However, this has quickly proven not to be the case and HMRC has been left scrambling to find a way to get all eligible individuals to sign up and file before the looming 7 November deadline. What happened with the first MTD filing? It was expected that …