Making Tax Digital

Making Tax Digital for Income Tax is in effect from April 2026. Individuals with self-employment income and/or rental income of more than £50,000 will fall within the rules from this date. The threshold is due to reduce to £30,000 in April 2027 and £20,000 in April 2028.

Those impacted will need to make quarterly filings to HMRC confirming their level of turnover and expenses in that period. The quarterly filings then feed through to the year-end tax return process that remains unchanged.

By working alongside clients, we are able to implement a time-efficient software based solution and support with the filings required.