Latest Making Tax Digital for Income Tax

Tax payers who are mandated into MTD for IT are those who submitted a Self Assessment Tax Return for the year 2024/25 with total qualifying income from sole trade or property in excess of £50,000.   There are cases where these income levels may have dropped below the £50,000 threshold or ceased completely. Here are…

Here we share frequently asked questions regarding Making Tax Digital for Income Tax.   Am I Affected by MTD for Income Tax? If you are self employed or have rental income which combined turnover (qualifying income) in excess of specific thresholds, you are affected by MTD for IT.   What are the thresholds and when…

From November 2025 HMRC have been sending taxpayers further letter to help raise awareness of the introduction of MTD from April 2026. Making Tax Digital for Income Tax (MTD for IT) registration is mandatory for self-employed individuals and landlords with a combined annual gross qualifying income over £50,000 from 6 April 2026.   HMRC will…

What You Need to Know If you received a letter from HM Revenue & Customs (HMRC) recently that mentions Making Tax Digital (MTD) for Income Tax, don’t worry. It’s an important update, but it’s something you can prepare for. HMRC is steadily rolling out communications to taxpayers who will need to use the new digital…

With Making Tax Digital for Income Tax (MTD for IT) on the horizon, much of the focus has been on who will need to comply. But just as important is understanding who is exempt — whether permanently or temporarily.   Here’s a practical summary of the exemptions currently available.   When Does MTD for IT…

What To Expect In Issue 9 of Our Property Matters Newsletter The November 2025 Budget certainly had a few surprises for landlords, however is this in itself a surprise now for the sector?   Looking back, since 2017 there have been many changes which have greatly affected landlords, whether this relates to the phase in…

What now for Landlords Making Tax Digital for Income Tax (MTD for IT) will finally begin from 6 April 2026, when it becomes mandatory for landlords and the self-employed whose gross combined is over £50,000 in the tax year to submit quarterly returns to HMRC. The recent Budget brought some important changes in regard to…

Welcome to Whitings’ Guide to Making Tax Digital for Income Tax (MTD for IT) for Sole Traders and Landlords.   From 6 April 2026 for Sole traders and Landlords whose annual gross income is over £50,000 you will be mandated to file information digitally to HMRC quarterly. It’s one of the biggest changes to sole…

We’re explaining Making Tax Digital for Income Tax for sole traders and landlords ahead of its introduction in 2026. You will have seen lots of information online about Making Tax Digital for Income Tax. What does it actually mean, what will you need to do differently and what will stay the same? Read on to…

In the 2025 Autumn Budget, the government confirmed that taxpayers using profit averaging, such as farmers and creatives, will not be required to enter MTD for Income Tax Self Assessment (MTD for ITSA) in April 2026. Instead, this group has been pushed back to April 2027, giving these businesses additional time before digital quarterly reporting…