14/07/2026
⚠️ Making Tax Digital for Income Tax – First Deadline Approaching ⚠️
The first Making Tax Digital (MTD) quarterly update is due by 7th August 2026.
If your total income from self-employment and/or property was more than £50,000 on your 2024/25 Self Assessment tax return, you may now be required to comply with the new MTD rules from 6 April 2026.
Under MTD, you'll need to:
- Keep digital records of your income and expenses.
- Submit quarterly updates to HMRC using compatible software.
- Complete an end of year declaration to finalise your tax position.
If you're unsure whether MTD applies to you, or you've not yet registered and are worried about meeting the deadline, don't panic – we can help.
Get in touch with Saxton Vincent Ltd and we'll guide you through what's required.
📞 01803 500500
📧 [email protected]