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Category: Making Tax Digital

  • Do I Need to Use MTD

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    Wojciech
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    The short answer is: in most cases, yes. For VAT-registered businesses, MTD is already mandatory. For self-employed individuals and landlords, MTD for Income Tax becomes mandatory from April 2026 if your income is over £50,000, and from April 2027 if it’s over £30,000. If you’re a sole trader, landlord, or run a VAT-registered business, “Do…

  • How Will Making Tax Digital Affect Me

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    Wojciech
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    Making Tax Digital (MTD) is one of the biggest shake-ups in the UK tax system in decades. It’s designed to make tax administration more efficient, but for many self-employed individuals and landlords, it also raises a simple but crucial question: “How will Making Tax Digital affect me?” If you’re unsure what MTD means for you,…

  • self employed what counts as digital records for MTD

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    Wojciech
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    Making Tax Digital (MTD) is a government initiative by HMRC to make tax administration more efficient and easier for businesses and individuals. For self-employed individuals and landlords, MTD for Income Tax Self Assessment (ITSA) means a new way of keeping records and sending updates to HMRC. This guide will help you understand what counts as…

  • Making Tax Digital accountant

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    Wojciech
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    The Indispensable Role of a Making Tax Digital Accountant UK tax system is undergoing a significant transformation with HMRC’s Making Tax Digital (MTD) initiative. This shift mandates that businesses and individuals maintain digital records and submit tax information using MTD-compatible software. While designed to simplify tax processes and reduce errors, navigating the complexities of MTD…

  • Does My Tax Return Have to Be Digital

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    Wojciech
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    Yes, your tax return must be filed digitally if you are subject to Making Tax Digital (MTD). For all VAT-registered businesses, this is already mandatory. For self-employed individuals and landlords, MTD for Income Tax (requiring digital records and quarterly submissions) begins in April 2026 for incomes over £50,000 and in April 2027 for incomes over…

  • Is Making Tax Digital Compulsory

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    Wojciech
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    Making Tax Digital (MTD) is HMRC’s plan to move all UK tax reporting online using special software. The answer to whether it’s compulsory depends on what type of tax you pay and your income level. Making Tax Digital for VAT – Already Compulsory Yes, MTD for VAT is compulsory for most businesses right now. MTD…

  • Does Making Tax Digital include pensions

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    Wojciech
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    The Simple Answer: Pensions Are Not Included Making Tax Digital does not include pensions. This new system is only for people who have: What Is Making Tax Digital? Making Tax Digital is HMRC’s new way of reporting taxes. Instead of filling in a paper tax return once a year, you use special software to keep…

  • Do I Have to Use Making Tax Digital ?

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    Wojciech
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    Making Tax Digital (MTD) is a UK government initiative designed to streamline tax administration. If you’re a sole trader or landlord, you might be asking, “Do I have to use Making Tax Digital?” The answer depends on your total income from self-employment or property. MTD for Income Tax is being introduced in phases, so it’s…