Tax Tips - MTD latest

MTD (Making Tax Digital) for corporation tax has now been shelved as HMRC are turning their attention to e-invoicing which will have the same effect.

In the meantime MTD for sole traders and landlords is still going ahead

April 2026 for those with income (ie turnover, not profit) >£50kpa

April 2027 for those with income >£30kpa

April 2028 for those with income >£20kpa

In order to be compliant we recommend that you

1. Sign up to Xero (they have a new Simple version starting at £7pm) or other software
2. Connect you bank account
3. Keep your bookkeeping up to date each month
4. Ask if your accountant provides monthly bookkeeping sessions which provide both accountability and advice on how to do your bookkeeping (on any system)