The Spring Statement confirmed that Making Tax Digital for Income Tax (MTD for IT) will be further extended to bring in sole traders and property landlords from 6 April 2028; with income of £20,000 or more from 2026/27.
It has also been confirmed that if you are required to use MTD for IT, your end-of-year Tax Return must also be submitted using MTD-compatible software. It won’t be possible to use HMRC’s free online service.
Read more on MTD for IT to see how and when you might be affected HERE.
MTD for IT will probably be a big adjustment in the way you keep your accounting records. Call CKLG on 01223 810100 for friendly and helpful advice.
