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Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is changing how many individuals and businesses manage their tax affairs. This new system requires digital record-keeping and online submission of tax returns, aiming to make tax reporting more accurate and efficient. Understanding who MTD ITSA affects and when it takes effect is essential for sole traders and landlords to stay compliant and avoid penalties. Digital bookkeeping software on laptop screen Digital bo

Making tax digital (MTD) for Income Tax Self Assessment (ITSA) can feel overwhelming for sole traders and landlords. The good news is that using Xero can turn this complex process into a smooth, manageable task. This guide explains how Xero helps you stay on top of your tax obligations with less stress and more confidence. Software displaying financial summaries and tax reports How Xero Supports MTD ITSA Compliance Xero is designed to meet the requirements of MTD ITSA by keep