The first Making Tax Digital for Income Tax quarterly update is due on 7 August 2026, and by most current estimates, roughly half of the small businesses, sole traders, and landlords who fall within scope aren’t ready to file it. That’s not a small margin. It means a coin-flip chance that a business reading this […]
Half of Small Businesses Are Behind on Making Tax Digital – Are You One of Them? Read More »
Most guides to Making Tax Digital for Income Tax tell you the dates and stop there. What they rarely tell you is what needs to happen inside your business, week by week, so that when 7 August arrives, your quarterly update is a five-minute formality rather than a scramble. That’s the gap this article fills. If you’re a sole trader or
Your first quarter under Making Tax Digital for Income Tax closed on 5 July. The deadline to submit it is 7 August. So, here’s the question nobody’s answered yet: what actually goes in it? If you’ve already read about the deadline itself, you know the date. What you probably don’t know is what to type into your software when you sit down to file
Every piece of Making Tax Digital coverage right now is aimed at one group: sole traders and landlords with qualifying income over £50,000, who just filed their first quarterly update by 7 August 2026. That’s the right story for this month. But it’s created a blind spot for a much larger group who will be mandated into Making Tax Digital
Most articles about the 7 August 2026 deadline stop at “here are the dates.” You’ve likely seen that version already, possibly on your own reading list, possibly on this site. What’s missing from almost all of them is the part that determines whether your first submission goes smoothly: the decisions and admin that must happen before 7 August, not on it. This is that piece. Not another explainer on who
Five Weeks to 7 August 2026: What to Actually Do Before Your First MTD Quarterly Update Read More »
HMRC is changing how employers report and tax Benefits in Kind (BiKs). From 6 April 2027, mandatory payrolling will replace the traditional reporting process for many employee benefits, requiring employers to report taxable benefits through payroll in real time instead of relying primarily on annual P11D forms. Although the implementation date has been delayed giving businesses more
Picture a self-employed electrician named Daniel who also rents a one-bed flat in Leeds. His combined turnover from the two pushed him just over £50,000 last year, so from 6 April 2026 he became one of the first people in the country required to file under Making Tax Digital for Income Tax. Walking through what happens to someone like Daniel,
A Sole Trader’s First MTD Quarter: What Actually Happens Between 6 April and 7 August Read More »
If HMRC has written to you about undeclared property income, foreign income, or a possible tax shortfall, do not ignore it. The way you respond in the next few weeks will determine how much you pay and whether the matter escalates into a full investigation. Why HMRC Is Sending More Letters Than Ever in 2026
Received an HMRC Letter About Undeclared Income? Here Is What to Do Next Read More »
Short answer: Almost certainly yes, and there is a detail in how the system works that most people in your position do not find out until it is too late to prepare properly. If your gross income from self-employment and property combined exceeded £50,000 in the 2024/25 tax year, Making Tax Digital for Income Tax has applied
MTD for Income Tax: Does It Apply If You Have Rental Income and Self Employment? Read More »
If you earn over £50,000 from self-employment or property, your first Making Tax Digital for Income Tax quarterly update is due by 7 August 2026. Here is what you need to do before that deadline arrives. The Tax Reporting Change That Is Already in Effect Since 6 April 2026, Making Tax Digital for Income Tax
MTD for Income Tax: Are You Ready for the 7 August 2026 Deadline? Read More »
