Making Tax Digital for Income Tax – Go Live!
The commencement of Making Tax Digital (MTD) for income tax is now live! This is the new 2026/27 tax year regime for
Making Tax Digital for Income Tax – Time Is Ticking
We are continuing to work with a number of our clients as they prepare for Making Tax Digital (MTD) for income tax. This is
Getting Ready for Making Tax Digital
With just a few weeks to go until the new tax year, many businesses are preparing for the changes that Making
Making Tax Digital For Income Tax – An Update
Making Tax Digital (MTD) for income tax will be mandated for a large group of self assessment taxpayers from
Making Tax Digital: Advice for Digitally Excluded Taxpayers
HMRC has published long-awaited guidance on how digitally excluded individuals should apply for an exemption from
Making Tax Digital - What’s New?
HMRC are pushing ahead with the implementation of Making Tax Digital (MTD) for Income Tax, set to commence from
MTD for Income Tax: Income from Jointly Held Property
If you are a sole trader or landlord with combined turnover from trade and property exceeding £50,000 in 2024/25, you’re likely to
MTD for Income Tax - FAQs
Making Tax Digital for Income Tax (MTD for IT) will be introduced from 6 April 2026. Below are some frequently asked questions and answers
Digital Record Keeping and Quarterly Reporting Requirements for Traders and Landlords (“MTD”)
Updates are continuing to come through on HMRC’s ‘Making Tax Digital for Income Tax’ (‘MTD for IT’) initiative. It will initially
Making Tax Digital for Income Tax
With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) is mandated, now is the time to
Want To Be Part of Beta Testing of MTD For Income Tax?
Although making tax digital income tax self assessment (MTD ITSA) is not mandatory until 6 April 2026 at the earliest, it is possible for
HMRC Publish More Details of MTD for Income Tax Reports
Making Tax Digital for income tax self-assessment is scheduled to commence in 2026/27 for sole traders and property landlords with
Making Tax Digital for Income Tax Delayed Again
Making tax digital (MTD) for income tax self-assessment (ITSA) was originally scheduled to start in 2018 and was then put back to 2023 and then 2024. It was announced just before Christmas that the new system of submitting digital information quarterly to HMRC has been delayed yet again!
Making Tax Digital – Update
The obligation to keep records in a digital format and report information quarterly will apply to unincorporated businesses and property landlords with gross income from all business activities in excess of £10,000 a year.
More Details of MTD for Income Tax Reporting
HMRC are currently consulting on the precise details of what needs to be reported each quarter.
MTD for VAT - New Guidance on Penalties for Non-Compliance
HMRC have issued new guidance on the penalties that they impose for non- compliance with the Making Tax Digital (MTD) for VAT rues. In particular, there is a penalty of up to £400 for every VAT return a business files without using ‘functional compatible software’.
MTD For Income Tax Postponed To 2024/25
Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year later than planned, in the tax year beginning in April 2024.
Making Tax Digital (MTD) For Income Tax
Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2023.