Hart Council - Making Tax Digital

What we will cover:

• An introduction to Making Tax Digital: Rationale and criteria, key principles, timelines, and legislation
• MTD for VAT: scope, digital record-keeping, and submission requirements
• MTD for Income Tax Self-Assessment (ITSA): relevance for housing providers and landlords
• Approved software and digital tools for MTD compliance
• Understanding the options including agency arrangements
• Practical steps for implementation within housing organisations
• Common challenges and solutions in transitioning to digital tax reporting
• Practical guide and tool box of how to prepare for MTD
• Understanding the use and limitations of spreadsheet data such as excel
• FAQs such as reporting for jointly owned properties, fluctuating inome and exempt streams of income and revenue
• The criteria and circumstances where businesses and income is exempt.
• A deeper dive into approved software recommended by the HMRC.