27/03/2026
MTD IT has been thrown into the spotlight today by Martin Lewis. Just two things to worry about:
1. Was your Rental Income and/or Self-Employed Income greater than £50,000 in your 24/25 Tax Return (Gross before any expenses)? - If so, MTDIT applies to you.
2. If MTDIT applies to you, then you need to register with HMRC and complete quarterly returns.
The good news is that FBS can complete your quarterly returns and your annual self-assessment tax return for just £30 per month.