03/06/2026
Have you been ignoring anything with the words "Making Tax Digital" in it recently? ๐
I know - And I get it! But now it's time to actually understand what it means.
MTD for Income Tax is here for sole traders and landlords.
Here's the simple version:
๐ Instead of one annual tax return, you'll send quarterly updates to HMRC throughout the year.
๐ You'll need MTD-compatible bookkeeping software (I can help with that if you're unsure what this means).
๐ You still get ONE tax bill. Payment dates haven't changed.
๐ You DO need to register separately with HMRC - It's not automatic.
The good news? If you've got the right system in place, those quarterly updates can take minutes.
The better news? This is exactly what I help with in the Business Finance Academy and MTD Power Hours ๐
Comment READY if you want to know more.