Aldon Accounting Services

18/02/2026

I am now an ACSP and able to offer the service of Identity checking for Directors and PSC's as required by Companies House.

Please contact me by telephone if you require this service.

28/07/2025

GREAT NEWS FOR LIMITED COMPANIES AND FOR THOSE WHO ARE SOLE TRADERS THAT SHOULD NOW INCORPORATE
TO AVOID BEING CAPTURED BY MTD.

HMRC bins MTD for corporation tax

As HMRC dropped its ‘transformation roadmap’ last week a small section of the lengthy document confirmed Making Tax Digital (MTD) for Corporation Tax has been canned

Instead HMRC said it was ‘developing an approach to the future administration of corporation tax that is suited to the varying needs of the diverse corporation tax population’.

Nothing more is added to describe the population other than it ‘includes a very wide range of entities’, referencing small business, multinationals, charities and property management businesses.

MTD for Income Tax is still due to go ahead from April 2026 for those earning over £50,000 working as self employed, sole traders and landlords.

Adam Craggs, head of tax, investigations and financial crime at RPC said: ‘HMRC’s decision to scrap MTD for Corporation Tax is not entirely unexpected. The initiative had faced significant technical and practical challenges, and the compliance burden on smaller companies was always going to be disproportionate to the likely benefits.

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01/03/2025

Updated

MTD, or Making Tax Digital or other wise known as Making Tax more Difficult is comming in.

If you have rental income or income from self employment then this may well affect you.
You will need bookkeeping software to make quarterly submissions and then the usual tax return after the end of the tax year. The quarterly submissins do not have to be 100% correct but the have to be done to aviod fines. The window to submit is 1 month from the end of the quarter.

If you are a Limited Company or a Partnership then currently this does not affect you.

Here are the dates and thresholds.

Turnover (not profit) as stated in the 2024/25 return
>£50,000 MTD live 6/4/26
>£30,000 MTD live 6/4/27
>£20,000 MTD live 6/4/28

This is the amalgamation of ALL income from both Self employment and rental added together.

I will be discussing this with all my clients as we do the tax returns for 2024/2025. It is therefor essential if you are going live in 2026 that we do your returns as early as possible so as to avoid problems in Jan/Feb 2026 with the rush.