MTD is coming!..........

HMRC is pushing forward with its making tax digital program. This means making their lives easier and yours much more difficult. From April 2026, if you run a self employment or property lettings business and your income is over the £50,000 threshold, then you will be obliged by law to produce a set of accounts and a tax submission every 3 months. That means more time and cost for you. Cost because you will need software that talks to HMRC systems and time because of the duplication of work which was previously done only once a year. You will also have to pay the tax calculated on a quarterly basis AND submit a year end calculation as well.

You need to start planning for this now. We can help.....