Although making tax digital income tax self assessment (MTD ITSA) is not mandatory until 6 April 2026 at the earliest, it is possible for certain individuals to join the HMRC pilot testing. HMRC have relaunched beta testing of MTD ITSA on 22 April 2024.
Just five software products so far have been listed by HMRC as compatible with MTD, with a further 21 listed as being in development. Those products that are currently compatible are:-
123 Sheets
Intuit QuickBooks Online
Sage Accounting
SE_Reports
Self assessment direct
All products have to meet HMRC’s minimum functionality standards. If your current accounting software is not listed, it may be that it will soon receive HMRC approval.
To join the pilot, you need to be up to date with your tax returns and have relatively straightforward tax affairs. For example, you can’t be a member of a partnership or be subject to the High Income Child Benefit Charge. Those with jointly owned rental properties or furnished holiday lettings are also currently excluded from the pilot.
Please discuss with us whether you would be interested in joining the pilot testing and we can help you get ready for the new regime.
