17/07/2026
Are you set for the new Making Tax Digital (MTD) for Income Tax changes?
If you’re a sole trader, landlord, or small business owner earning over £50,000 (2024/25 tax year) from self-employment or property, you’ll now be required to send quarterly updates to HMRC.
Here’s the breakdown:
• **What’s needed?** Your Quarter 1 update (6 April – 5 July)
• **Deadline:** Submit by midnight, 7 August
• **Method:** Use HMRC-approved software
HMRC is giving everyone a ‘soft landing’ on late penalties this year, but getting started early will make life much easier.
Don’t wait until the deadline—contact us today and we’ll walk you through it, hassle-free! 💬