Tag: MTD

Making Tax Digital

Written by Tony Shackleford on August 18, 2025.

Making Tax Digital for Income Tax (MTD) commences in April 2026. This impacts on indivduals who have property rental income (gross) and sales income from self-employment of £50,000 or more per tax...

MTD, MTD for Income Tax, Number caught by MTD

Making Tax Digital for Corporation Tax

Written by Tony Shackleford on July 22, 2025.

HMRC has today announced that Making Tax Digital for Corporation Tax will not now be going ahead.

Making Tax Digital for CT tax, MTD, MTD for corporation

Further Update on MTD for Income Tax

Written by Tony Shackleford on April 29, 2025.

HMRC have announced that there will be 2 levels of Agents allowed for each tax payer under MTD for income tax. The top level Agent corresponds with the current Agent authority under self-...

64-8, Agent for MTD, Agents, MTD, MTD for Income Tax

Making Tax Digital (MTD) For Income Tax Update

Written by Tony Shackleford on March 26, 2025.

The chancellor has today announced updated timings for the implementation of MTD for income tax. MTD for income tax applies to self employed and those in receipt of rental income. The details below...

Making Tax digital, MTD, MTD for Income Tax

Making Tax Digital Update

Written by Tony Shackleford on August 14, 2024.

Under the Making Tax Digital (MTD) rules, certain ‘businesses’ will be required to record business transactions on software and submit quarterly returns of financial data to HMRC....

Jointly owned property, Making Tax digital, MTD, mtd and rental income, MTD Jointly Owned Property

Making Tax Digital Update

Written by Tony Shackleford on January 5, 2024.

VAT registered businesses are currently caught by the Making Tax Digital (MTD) regime. The current plan is for the self employed or those having gross rental income of more than £50,000 per year to...

Making Tax digital, MTD

Making Tax Digital For Income Tax Delayed

Written by Tony Shackleford on January 6, 2023.

The government announced that Making Tax Digital (MTD) for income tax is to be delayed from April 2024 until April 2026. MTD requires the self employed and landlords to maintain accounting records...

Making Tax digital, MTD

Making Tax Digital – An Overview Of Where We Are

Written by Tony Shackleford on September 22, 2022.

Making Tax Digital (MTD) requires those businesses caught by the MTD rules to record their business transactions on compliant software and to submit quarterly returns to HMRC direct from the...

income tax, Making Tax digital, Making tax digital for income tax, MTD

MTD VAT Extra Tax

Written by Tony Shackleford on March 22, 2022.

HMRC has rcently announced that an estimated additional tax of £195 million has been collected following the introduction of Making Tax Digital. HMRC stated that the additional tax resulted from a...

Making Tax digital, MTD

Making Tax Digital (MTD) For Income Tax

Written by Tony Shackleford on November 3, 2021.

The government has recently published further guidance on the implementation of MTD for Income Tax, which is due to come into effect on 1 April 2021. All self employed and landlords having gross...

MTD, MTD for Income Tax, MTD transitional year

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Tag: MTD