HMRC have published new guidance on main and supporting agents for MTD for income tax self-assessment purposes. The new guidance notes that sole traders and landlords within MTD for ITSA can appoint multiple agents and distinguishes between the roles of ‘main’ and ‘supporting’ agents.
In essence main agents can fully manage a client’s MTD for ITSA affairs including finalising tax positions and submitting returns. Supporting agents have limited access to MTD services and can perform fewer tasks such as completing quarterly updates but not submitting final tax returns. HMRC set out a useful table comparing the functions of both roles.
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HMRC have published new guidance on main and supporting agents for MTD for income tax self-assessment purposes. The new guidance notes that sole traders and landlords within MTD for ITSA can appoint multiple agents and distinguishes between the roles of ‘main’ and ‘supporting’ agents.
In essence main agents can fully manage a client’s MTD for ITSA affairs including finalising tax positions and submitting returns. Supporting agents have limited access to MTD services and can perform fewer tasks such as completing quarterly updates but not submitting final tax returns. HMRC set out a useful table comparing the functions of both roles.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
