MTD ITSA guidance updated following budget

Published: 20th November 2024

The current timetable for mandating into MTD ITSA is as follows:

• April 2026 for sole traders and landlords with income over £50,000; and
• April 2027 for those with income over £30,000

When this was announced, the previous government said it would consult on the position for those with incomes below £30,000 to ensure MTD was suitable. The Autumn Budget confirmed that the threshold will drop to £20,000 by the end of the current parliament (likely 2029), but for now there is no indication of which year this will apply to. HMRC’s guidance has been updated to reflect this.