MTD for ITSA - The First Year Reviewed

Introduction

With the first year’s quarterly update deadlines now behind us, what have advisers and their clients learned from Making Tax Digital (MTD) for income tax?

This virtual classroom seminar reviews experiences from the first year of mandatory MTD and considers the practical priorities ahead. With the regime now extended to those with qualifying income over £30,000 from April 2027, it will also explore how lessons from the first cohort can help advisers support newly mandated clients.

The session will be of interest to anyone involved in clients’ day-to-day tax compliance, offering practical guidance on managing the next reporting cycle and preparing for the first year-end finalisation under MTD.

What You Will Learn

This live and interactive session will cover:

• Lessons from the first year - common challenges and approaches that have worked well
• Quarterly updates in practice - reporting accuracy, corrections and meeting deadlines
• Preparing for the first year-end finalisation - reconciling records, making adjustments and completing the tax return
• Supporting the April 2027 cohort - onboarding issues and applying lessons from the first intake
• Digital records and software - managing gaps, compatibility issues and changes of provider
• Practice processes - allocating responsibilities, managing workloads and improving client communication
• Latest HMRC developments - guidance, compliance expectations and areas of remaining uncertainty
• Looking ahead - practical priorities for the second year and further expansion of MTD

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.