Category: Making Tax Digital

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…

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…