Making Tax Digital for Income Tax

Who Does This Affect?

Self-Employed business owners and landlords with:
✔️ Sales over £50,000 in 24/25 (April '26).
✔️ Sales over £30,000 (April '27).
✔️ Sales over £20,000 (April '28).

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Who Is NOT Affected?

❌ Partnerships (expected to be included later).
❌ Those who ONLY receive income through PAYE.

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What Changes with MTD?

• Quarterly updates: Every 3 months a submission stating income & expenses is mandatory.

• Digital records: HMRC-approved accountancy software will be the law.

• End-of-year declaration: At the end of the tax year, you’ll confirm final figures with a Self-Assessment tax return.

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What do I need to do?

• Ask for help - Your current accountant should be able to help you get set up for MTD and will have support in place to keep you compliant.

• Digital records - Use accountancy software BEFORE you need to so you feel ready for the submissions.

• Get training - Get trained-up with someone who's an expert on what these changes mean for you. Preparation is the key to compliance and confidence.

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Need Help?

 

We're here to help get take the heavy lifting out of these changes. We've undergone HOURS of training to get MTD for IT up and running smoothly for clients and now it's here we're looking to help Self-Employed business owners feel confident about these changes too.

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Contact Linda today for a free consultation!