Making Tax Digital, explained clearly.
Making Tax Digital for Income Tax is changing the way some self-employed people and landlords keep records and report information to HMRC. We'll help you understand what applies to you and what you need to do.
Making Tax Digital for Income Tax is being introduced gradually, so the date it applies to you depends on your qualifying income and circumstances.
What is Making Tax Digital?
Making Tax Digital is HMRC's programme for moving more tax record-keeping and reporting onto digital systems.
For people affected by Making Tax Digital for Income Tax, this means keeping digital records and providing HMRC with information during the tax year using compatible software.
Who will it affect?
Making Tax Digital for Income Tax is being introduced gradually and will affect qualifying self-employed individuals and landlords.
The rules depend on your circumstances and qualifying income, so it is important to establish when the requirements apply to you.
What will you need to do?
If you fall within the rules, you will generally need to keep appropriate digital records and use compatible software to meet HMRC's reporting requirements.
We can help with the whole process, from understanding your obligations through to setting up a practical record-keeping system.
Already worried about it?
You do not need to become an expert in accounting software. Our job is to make the transition as simple as possible and help you put a system in place that works for you.
When does Making Tax Digital apply?
The starting date depends on your qualifying income from self-employment and property.
Based on qualifying income for the 2024 to 2025 tax year.
Based on qualifying income for the 2025 to 2026 tax year.
Based on qualifying income for the 2026 to 2027 tax year.