22/10/2025
Are you ready for Making Tax Digital? HMRC will be writing to those who meet the criteria from November 2025 which is based on the 2024/25 Tax Returns.
What is the criteria? Self employment and/or rental INCOME over £50,000 - this is before any expenses have been deducted.
What is Making Tax Digital? Keeping digital records and submitting quarterly reports to HMRC to declare the income and expenses for the period.
The first quarterly submission will be for the period 1 April 2026 to 30 June/5 July 2026.
There are steps you can start taking now to ensure you are ready!
Please get in touch to find out more.