Making Tax Digital (MTD) for Income Tax is a big change from HMRC that aims to modernise how self-employed individuals manage and report their taxes.
Under the current system you will be submitting one tax return per year- With MTD for Income Tax, this changes. Instead, you'll need to keep digital records, submit quarterly updates and complete a final declaration.
These changes apply from April 2026 depending on your level of income. If you’ve received a letter from HMRC about this and are unsure what to do please get in touch. I provide a monthly service to ensure compliance.
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