How Making Tax Digital works. Making Tax Digital will initially affect almost 800,000 landlords and self-employed people, ...

Making Tax Digital for income tax (MTD IT) is a key part of the UK government’s plan to create a modern, efficient and fully ...

Digital records are the foundation stone of Making Tax Digital for income tax (MTD IT). Having the right records in place at the right time is the first ...

Farmers operating as sole traders will have an extra year before they will need to start using Making Tax Digital for Income Tax, after the NFU successfully argued that the system had not been tested ...

From April 2026, if your turnover is above £50,000 from self-employment and property income combined, you will need to use MTD-compatible software to keep digital records for sending HMRC quarterly ...

FARMERS operating as sole traders will have an extra year before they need to start using Making Tax Digital (MTD) for Income ...

Completing your next tax return may be the furthest thing from your mind right now. In fact, you’re likely relieved that the 31 January deadline for filing the last one is behind you and you don’t ...

The government’s flagship programme to digitise the UK tax system, which was revealed in June 2023 to be costing taxpayers an extra £1.5bn, has been the subject of scrutiny since its inception. What ...

HMRC projects that approximately 780,000 self-employed workers and property owners will need to adopt MTD for Income Tax from ...

The tax authority said: "There isn't a one size fits all - the key is finding which software works for your business. The ...