MAKING TAX DIGITAL
Making Tax Digital is changing how income tax is reported.
Making Tax Digital for Income Tax introduces digital record keeping and more regular reporting for qualifying sole traders and landlords. Whittington Raymond can help clients understand what is changing and prepare their accounting systems.
KEY DATES
The transition is being introduced in stages.
From April 2026
Qualifying income over £50,000.
From April 2027
Qualifying income over £30,000.
From April 2028
Qualifying income over £20,000.
Eligibility depends on HMRC rules and personal circumstances.
What Making Tax Digital means in practice.
Digital records
Keep relevant income and expense information digitally.
Compatible software
Use software able to work with the MTD process.
More regular reporting
Provide updates during the tax year as required.
An end-of-year tax process
Complete the appropriate end-of-year requirements.
HOW WE CAN HELP
Prepare calmly and practically.
Check whether MTD applies
Review the broad rules against your circumstances.
Prepare your records
Bring existing records into a reliable digital process.
Choose suitable software
Set up an appropriate system without unnecessary complexity.
Ongoing support
Keep records and reporting working throughout the year.
COMMON QUESTIONS
Making Tax Digital FAQs.
It depends on your qualifying income, the type of income you receive and HMRC's rules. We can review your circumstances with you.
Not sure what Making Tax Digital means for you?
Start with a clear conversation about your circumstances.