MTD for Income Tax: Official Notification Received
We have now officially received notification from HMRC regarding Making Tax Digital (MTD) for Income Tax. This confirms that from 6 April 2026, self-employed individuals and landlords earning over £50,000 will be required to keep digital records and file quarterly updates using MTD-compatible software.
What This Means for You
If your total income from self-employment and/or property exceeds £50,000 in the 2024-25 tax year, you will need to be MTD-compliant from April 2026.
HMRC will begin sending letters to affected individuals in April 2025, so it’s crucial to start preparing now.
How We Can Help
As your accountants, we are here to ensure a smooth transition. We can:
✅ Assess if MTD applies to you
✅ Help you choose compatible software
✅ Ensure your records are MTD-compliant
✅ Guide you through the new quarterly reporting process
If you have any questions or need support, get in touch with us today—don’t wait until the last minute!
📩 Contact us to discuss your next steps.