Have you heard about Making Tax Digital for Income Tax? Are you ready for the digital revolution?

​

If you are self-employed or a landlord with an annual business or property income of more than £50,000 per year, you will soon be required to have HMRC-recognised software in place to keep digital records of your income and expenditure. You will also be required to submit quarterly updates to HMRC and a final annual declaration instead of using HMRC’s website to file returns once a year.  This all comes into effect from the 6th April 2026 and will be extended to those with annual income above £30,000 in April 2027.

​

But don't let this news have you running to the hills, run to us instead! We are perfectly placed to deal with these new (to you) obligations and are well versed in Making Tax Digital compliance, having been a part of the digital movement since it was first introduced back in 2019.

​

And, it isn't all bad news.  Keeping digital records and quarterly reporting can actually help you become more efficient in your business and allow it to grow from strength to strength.