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Making Tax Digital

Making Tax Digital For Income Tax – First Quarter Statistics Published

Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026. The first quarterly submission deadline, covering the first three months of the 2026-27 tax year, passed on 7 August 2026. […]

Read more September 14th, 2026

External Examiners Mark HMRC’s Performance As ‘Poor’

The latest annual report from the Charter Stakeholder Group remains highly critical of HMRC’s service performance, with scores either stagnant or deteriorating across most standards. Alongside poor scores for responsiveness and ease of use, the report highlights overwhelmingly negative feedback on Making Tax Digital (MTD). The Charter Stakeholder Group monitors HMRC’s performance against the HMRC […]

Read more August 24th, 2026

Making Tax Digital For Income Tax – Now In Force

Making Tax Digital (MTD) for Income Tax is now live, having come into force from 6 April 2026. This marks a significant shift in how self-employed individuals and those with income from property report their income to HMRC, and it is already impacting a substantial number of taxpayers. The new regime currently applies to those […]

Read more April 28th, 2026

Spring Statement 2026 Summary

The Chancellor, Rachel Reeves, held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget) and so the Spring Statement was intended to provide an interim update on the economy and public finances. Whilst the Chancellor did meet the commitment not to make […]

Read more March 4th, 2026

Making Tax Digital For Income Tax Update

Updates are continuing to come through on HMRC’s ‘Making Tax Digital for Income Tax’ (‘MTD for IT’) initiative. It will initially apply from 6 April 2026 for sole traders and property landlords who generated gross trade and rental income (‘qualifying income’) of more than £50,000 in the 2024/25 tax year. The MTD for IT rules […]

Read more December 12th, 2025

HMRC’s Transformation Roadmap

On 21 July 2025, HMRC launched their Transformation Roadmap, which sets out ambitious plans for HMRC to become a digital-first organisation by 2030, with 90% of customer interactions taking place digitally. This compares to 76% as at today. HMRC will automate tax wherever possible and offer new digital self-serve options across a number of tax regimes. […]

Read more August 4th, 2025

Government Targets £7.5 Billion In Unpaid Tax

The government has announced plans to raise an additional £7.5 billion by stepping up efforts to close the tax gap – the difference between the tax HMRC expects to collect and what is actually paid. Figures published on 19 June show that £46.8 billion in tax went unpaid in the 2023-24 tax year. That’s 5.3% […]

Read more July 4th, 2025

Making Tax Digital For Income Tax Regime Extended To Smaller Businesses And Landlords

The Spring Statement announced that the Making Tax Digital for Income Tax (MTD for IT) regime will be further extended to smaller businesses. Read on to see how and when your business might be affected. What is MTD for IT? Making Tax Digital for Income Tax (MTD for IT) is a government initiative that requires […]

Read more April 7th, 2025

Spring Statement And OBR Forecasts

The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last month in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. What did the statement tell us about public finances and the economy? The Statement came on the back of the […]

Read more April 7th, 2025

Spring Statement 2025 Summary

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run-up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the […]

Read more March 27th, 2025

Get Ready For Making Tax Digital For Income Tax

Before the Autumn Budget, there was hope that the new Labour Government might further delay the introduction of Making Tax Digital for Income Tax (MTD for IT). However, such hopes were dashed on Budget day, with confirmation of the previously-announced timescales and an additional announcement that individuals with income from trading or property of over […]

Read more February 12th, 2025

HMRC Publish More Details Of MTD For Income Tax Reports

Making Tax Digital (MTD) for income tax self-assessment is scheduled to commence in 2026/27 for sole traders and property landlords with a gross income of £50,000 or more, and the threshold then reduces to £30,000 from 2027/28. The government have now confirmed that the four quarterly returns that will need to be submitted will report […]

Read more April 11th, 2024

Changes To Sole Trader And Partnership Tax Year Basis

The method of taxing the profits of unincorporated businesses changed significantly in 2023/24 and will also change from 2024/25 onwards. This was originally intended to align with the introduction of Making Tax Digital for Income Tax Self-Assessment (MTDITSA), which will now start to be phased in from 2026/27. Under the old basis of taxing profits, […]

Read more April 10th, 2024

MTD For Income Tax Delayed, But New Basis Goes Ahead

Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) was originally scheduled to start in 2018 and was then put back to 2023 and then 2024. It was announced just before Christmas that the new system of submitting digital information quarterly to HMRC has been delayed yet again! The start date will now depend upon […]

Read more February 3rd, 2023

MTD VAT Returns Can’t Be Submitted Through HMRC Website

Since 1 April 2022, all VAT registered businesses must file their VAT Returns digitally through Making Tax Digital compliant software, regardless of turnover level. You cannot submit VAT returns through the HMRC website anymore. We can sign you up to MTD, although you will be responsible for meeting your VAT obligations. Those who do not […]

Read more January 20th, 2023