MTD Income Tax Self Assessment 

HMRC really needs businesses to join the pilot if they are able to, so that they can undertake testing from now until 2023 when the system will go fully live! 
The service is available now to sign up for eligible businesses. 
Sign up is currently voluntary but it will be mandatory from April 2023! 
Who should join? 
Sole traders with income from one business 
Those with rental income from UK property 
Benefits of taking part! 
Reliable estimates of how much tax you owe during the year 
Provide you with a view of your financial affairs at a glance 
Send HMRC a summary of income and expenditure for your business or property 
HMRC will provide a tax calculation. This will help you budget and you can even choose to make voluntary payments 
You may be able to finalise your tax liability and you won’t need to complete a separate Self-Assessment tax return 
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