Making Tax Digital for Income Tax: When Will It Affect Me?
1st October 2025
HMRC are beginning the process of phasing in taxpayers who are self-employed or with income from property over a number of years, so you may be wondering ‘When Will It Affect Me?’.
The limits will be calculated from your latest Self Assessment Tax Return so the current tax year ending 5th April 2025! If you haven’t completed your tax return yet, please get in touch.
If you are recently self employed or in receipt of income from property (including foreign property), the mandating will only begin after the completion of your first Self Assessment Tax Return.
HMRC will not sign clients up to Making Tax Digital for Income Tax automatically so it’s important to do it in time and be ready!!
We’re Here To Help
There are many steps that we here at Whitings LLP can take to help to prepare you for this change, even if you will not be mandated until 2027 or 2028. Please speak to your Whitings LLP contact to find out how you will be affected and the next steps to take in preparation.
Please look out for our regular updates to Making Tax Digital for Income Tax and details of future seminars explaining the change in the way tax payers will report information to HMRC.
Disclaimer - All information in this post was correct at time of writing.
