13/07/2026
🚨 Making Tax Digital for Income Tax is here! 🚨
If you're a sole trader or landlord with income over £50,000, the way you report to HMRC has changed.
Here's what you need to know:
📱 No more paper records.
📊 Keep digital records using compatible software.
📅 Submit 4 quarterly updates plus a Final Declaration each year.
💷 Your tax estimate is updated throughout the year.
⏰ Your tax payment deadline remains 31 January.
Don't leave it until the last minute. Getting set up now will make staying compliant much easier.
Need help with Making Tax Digital or choosing the right software?
📞 Forest Phoenix Accountancy Ltd is here to guide you every step of the way. Get in touch today for friendly, expert advice.