26/11/2025
What is Making Tax Digital? 👩💻
MTD for Income Tax is the next step in the MTD timeline from HMRC. From April 2026 if you have an income of over £50,000 annually, from self employment or property rental, you'll need to use MTD compatible software to:
✅ Keep digital records.
✅ Submit income and expense summaries quarterly to HMRC.
✅ Finalise your end-of-year Tax Return using compliant software.
Key Points💭:
✅ You will be assessed on your income from the 2024/25 tax year.
✅ You will need to submit quarterly updates to HMRC with a final submission that includes all of your other taxable income by 31 January each year.
✅ The quarterly update deadlines will be 7th August, 7th November, 7th February and 7th May.
If you receive a letter from HMRC or want to get ahead of the changes, we are here to help and discuss the next steps.
We can help you choose the most suitable software and implement the required processes in a way that adds value to your business 💚
