HMRC publishes guidance on Making Tax Digital for Income Tax Self Assessment

Industry News - 2nd April 2024

HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.

MTD for ITSA will require businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter via compatible software.

In the guidance, HMRC stated that MTD for ITSA will be introduced in two phases:

• from April 2026 for those with qualifying income over £50,000
• from April 2027 for those with qualifying income over £30,000. According to HMRC, the digitalisation of government tax services will help to:

• reduce the risk of unintentional customer errors
• save taxpayers time when they submit their tax returns
• support wider productivity and less time managing paperwork
• and enable HMRC to better tailor its services to its customers.

Please contact us, if you would like to know more about how MTD for ITSA may affect your business.

Internet link: GOV.UK

Our Blog

Recent news about us and our industry.

Industry News - 19th November 2024

HMRC warns landlords to disclose earnings ahead of self assessment deadline

Industry News - 13th November 2024

Check your State Pension age

Industry News - 6th November 2024

Budget 2024 – key points

Google Rating

5.0

Based on 41 reviews

Perrigo Consultants Limited

5.0

review us on See all reviews

Charlotte Jones

1727942603

We have worked with Perrigo on a number of matters and have always found them to be helpful, pro-active and knowledgeable.

1727785278

I highly recommend Perrigo Consultants for all of your financial needs, we use them for our business accounts and personal tax returns, the team is always on hand and very supportive, we would not use anyone else.

1726729753

Just moved to Perrigo, and the service has been amazing! We're already moving forward with automation and have received excellent advice. I only wish we had switched to Perrigo sooner.

Christiane Stanke

1718634408

The team at Perrigo were recommended to me by a friend and In the year sicne we started working together, the whole team, especially Freya, Caudiane and Aurelija, have been wonderful to deal with and so helpful navigating all things tax. I couldn't recommend them enough!

James Cunnington

1716473305

We have worked as a supplier Perrigo Consultants for a while now. They are a great company to work with, and always provide clear and concise instructions and are a pleasure to work with.Would highly recommend Perrigo Consultants

philip carpenter

1708686547

Very helpful and thorough.

1708539991

I have had the benefit of doing business with Dave at Perrigo Consultants for many years, and have no reservations about recommending the practice to any business considering appointing Perrigo as their accountant and business advisors,Martyn Burrows MJB consulting

1705757049

Dave and his team have been absolutely invaluable in helping me navigate how to set up my business and meet my tax obligations. I shudder to think where I would be without them.

Samantha Chorley

1705050368

Dave and his team have been a valuable asset to my business. They are always accommodating and have helped me immensely. Would highly recommend.

1705046427

Very professional company I would have no hesitation in recommending Perrigo Consultants to any business.

1702975295

Have known and worked with Dave over quite a few years. Always available with appropriate and relevant advice and extremely helpful in many cases. Knowledgeable, very personable and pragmatic.

1642605426

It’s a delight to work with Perrigo – these guys certainly know about tax planning’

1638140754

A solid and very robust proposition and service – very impressed with the team at Perrigo.

1634715101

Perrigo Consultants offer everything we need as a growing business and all in simple to understand language. A breath of fresh air, but don’t tell everyone!

1634115889

The team at Perrigo Consultants never fail to deliver. I wish all service providers worked to this excellent standard.

1620907809

The team at Perrigo Consultants never fail to deliver on advice, communication and business tax planning. there really are great partners for your business. Highly recommended!

1620894202

Perrigo Consultants have been invaluable to me both for my business and personally. If you are looking for proactive and well communicated tax and accounting advice then I’d advise Perrigo Consultants.

1620653556

We have found Perrigo Consultants to be very knowledgeable in all areas of tax and accounting. Very proud to have them as our trusted advisers.

1620214678

Perrigo Consultants are professional in every way and always on hand to advise in a down to earth and pragmatic way. I highly recommend them to clients, friends and family.

1620212779

Working with Perrigo has been a breath of fresh air. Great communication and tax saving advice all with the personal touch!

1615753123

It has been a great experience working with Perrigo Consultants over the last 3 or 4 years. I can honestly say that Dave and his team are very pro active and ‘on the ball’; I don’t give tax or VAT a second thought as I know that everything is quietly being dealt with behind the scenes. Not having this element of my business to worry about is liberating and it allows my to concentrate on my day to day business.Dave - and all of his staff - are not only all very professional but are also down to earth and approachable. They are happy to answer all of my trivial questions and are able to explain things to me in ‘layman’s’ terms. I wouldn’t hesitate in recommending Perrigo Consultants to anyone; including friends and family.

1615542317

Perrigo consultants are a breath of fresh air when it comes to tax and accounting advice, I’d have no hesitation in recommending them to business owners and professionals that are keen to understand and grow their businesses.

1615541048

I have been lucky enough to engage Perrigo Consultants from the inception of our growing business. If you are after a commercial and very tax savvy accountancy practice then look no further.

1615540716

In running a business, I want to convert our own profits into genuine, tax efficient wealth. This is where we have found Perrigo Consultants adding real value to the income we generate.From advise with accounting tools, tax submissions and especially longer term tax planning Dave Perrigo and his team not only have our best interests at heart but also have our backs.As a team they always come back to you and quick. Our own experience is that tapping in to expertise is one thing but the greatest value comes from consultants that act like an extra member of your team.

Sarah Waddington

1615198118

Dave and the team at Perrigo Consultants have been with me since early on in my business journey. Their proactive support and consultancy has helped me grow from an apprehensive entrepreneur to a confident agency owner whose finance and management needs are well covered. Knowing that our Companies House and HRMC reporting requirements are being handled by professionals provides peace of mind, but best of all it allows me to concentrate on looking after my team and clients, and critically to keep an eye on the future. We’re now in the process of setting up another new business and I wouldn’t turn to anyone else for support.

1605514853

Highly professional, very knowledgable and a pleasure to deal with. I would strongly recommend the services of Perrigo Consultants to anyone looking for tax advice or similar.

1603119108

I’ve been working with Dave and his team now since I started my business.His advice as a start-up was invaluable and the on-going support they provide is crucial to me as my business grows - recommending ways of doing things better and more efficiently so that I can focus on running my business.Dave and his team are always friendly and generous with their time - giving sound, professional and relevant support.

1596839916

Do you need a top quality accountant? Look no further than Perrigo Consultants. This team will look after your needs with quick response, quality information and in-depth tax knowledge, working at the cutting edge of modern accounting techniques.Ken BellXero Bookkeeping Partner of the Year 2017

1596650898

I have found Dave at Perrigo Consultants extremely knowledgeable, helpful and he is able to quickly understand the issues and explain the most efficient outcomes. He has given excellent advice on a wide range of matters. He also has a great team of support staff who are very responsive. I would have no hesitation in recommending Dave to other businesses.

1596193287

My businesses have used Perrigo Consultants for the last 5 years and we find them to be a really great firm to deal with.

1595353675

We would highly recommend Dave Perrigo services to anyone with a small business for help advice and guidance on money and legal matters which can be a big headache and a worry. Dave is always available and reassuring when ask'd questions that to us seem hard to understand. We have only known Dave for a few years and would have liked his services sooner.Perrigo Consultants are a very professional company and well worth the 5 star defacto rating.

graham glenister

1595322425

Dave Perrigo is quite comfortably the best in his industry. Having used several practices before Perrigo Consultants I took the decision to switch after a casual conversation. It’s also important to stress here that I had always felt well served and looked after by all my previous accountants. Very simply, Perrigo Consultants and Dave Perrigo in particular, took being looked after into a different hemisphere. I cannot recommend them highly enough. Having Perrigo in your team enables you to concentrate on earning a living safe in the knowledge that everything else is being taken care of.

Midlands Physio

1574948578

I would like to place on record, my thanks for the efforts of you and your team in looking after our affairs in such a professional, yet equally personal way. Your service could not be faulted.

1547299100

Dave and his team provide great service and advice. If you need an accountant then speak to Perrigo Consultants.

1534451472

Dave is a brilliant accountant and together with his team provide a first class service with excellent advice. I have been a client of his for 5 years and wouldn't think of going elsewhere.

1534425340

Dave and his team at Perrigo Consultants can be relied upon for great money saving advice. They will ensure that everything is submitted correctly and on time which gives peace of mind knowing that your accounts are in safe hands

1534413635

Having spent over 20 years with the same Accountant for my business, the decision to move across to Perrigo Consultants was not one that was made lightly. However, I can honestly say that I have been delighted with the attention to detail and engagement we now have, and I am confident that Dave and the team will provide exactly the level of service we require to look after our financial affairs moving forward.

1524830423

I have used Perrigo Consultants for accounting for 6 years and would highly recommend them. Robust and professional accountancy along with a friendly service and proactive business advice.

1515869971

We have been working with Perrigo Consultants for a number of years now and have always found them to operate to the highest levels of integrity and expertise

Matthew Parsons

1515593734

I have worked with Dave and team on many occasions and have found their advice to be fantastic. Advising on areas of tax i hadn't considered, which as a small business is critical. I would not hesitate to recommend Perrigo Consultants to any business looking for a professional, dependable service.

1465806312

The team at Perrigo Consultants have been looking after my tax planning for a number of years now and always do a fantastic job.The proactive approach they take to tax planning is refreshing and reassuring. Ive always recieved great communication from the team, they are always extremely approachable. They are always on the ball and have up to date knowledge of current tax implications to my specific situation and take a solution focussed approach to any impacts.The combination of the above takes a weight off my mind and allows me to concentrate on my business. Superb service.