11/05/2026
🚨 MTD for Income Tax is coming… but are people actually ready for it?! 👀💚
I’m still speaking to so many sole traders and landlords who either:
❌ Haven’t heard about it
❌ Think it doesn’t apply to them
❌ Believe they’ve got “plenty of time” 😅
Unfortunately… HMRC may disagree 🙈
If your combined:
💼 Sole trader income; and/or
🏡 Property income
EXCEEDED £50,000 in the 2024/25 tax year (before expenses/costs) then you are likely to fall within scope of Making Tax Digital for Income Tax.
This means changes to:
📱 Record keeping
📊 Quarterly submissions
🧾 How and when information is reported to HMRC
There’s really no time to delay getting prepared 💚
If this is something you’re unsure about, haven’t registered for yet, or you think you might fall within scope, please reach out now before it becomes a last-minute panic 😅
📞 Call or WhatsApp: 07379 567589
📧 Email: [email protected]
West Surrey Accountants Ltd 💚