Autumn Statement 2023: 'confusing' year end statement for MTD dropped

The government has abandoned 'confusing' plan to require the fifth stage of reporting known as the end of period statement under Making Tax Digital for income tax 

In a surprise turnaround, the requirement for an end of period statement (EOPS) has been dropped, removing the fifth report of full year earnings. This means there will now only be four quarterly reports, reducing the administrative burden.

The decision follows a review of the impact of MTD for income tax self assessment (ITSA), the new digital reporting system for earnings for landlords, sole traders and the self employed.

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