21/10/2026
Crucial tax changes are coming to self-assessment that you ABSOLUTELY need to understand.
HMRC is introducing new qualifying income thresholds that will significantly impact many sole traders and property owners across the UK.
It’s vital to distinguish between total turnover and profit, as misunderstanding this could lead to compliance issues and unexpected penalties.
The phased rollout, with deadlines extending to 2028, means proactive preparation is essential to ensure your tax returns are accurate and you meet all registration requirements.
In this video, we break down the exact income amounts and key dates, helping you navigate the latest tax regulations with confidence.
If you have any questions after watching this video or would like us to do Making Tax Digital for you please email [email protected] and we can get a quote and the next steps to you!