Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax.
Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax.
Making Tax Digital (MTD) for Income Tax is in full swing, but there is still confusion in the air over who is exempt from these requirements.
Read More »Are you exempt from Making Tax Digital for Income Tax? HMRC clears up the confusion
From 1 April 2029, all VAT-registered businesses will need to change the way that invoices are handled.
Read More »91 per cent of SMEs are unaware of HMRC’s new e-invoicing requirements
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026.
Read More »How do you know if you are exempt from Making Tax Digital (MTD)?
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.
