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MTD for landlords and sole traders still at trial stage

HMRC has re-issued brief guidance on Making Tax Digital for landlords and sole traders who will be required to report income tax quarterly at some stage in the future, although it is still only a pilot and will not be mandatory.

MTD for landlords and sole traders still at trial stage
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  • Shared by Accountancy Daily
  • February 13, 2020
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Quarterly reporting plus a fifth yearly report is the long-term objective for the governmentt with the fifth report, the so-called final declaration, ultimately replacing self assessment tax returns.

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