HMRC has confirmed that Making Tax Digital (MTD) for Income Tax will become mandatory from 6 April 2026 for sole traders and landlords with annual business or property income over £50,000. From 6 April 2027, the threshold will be reduced to £30,000.
As we edge closer to the rollout of Making Tax Digital (MTD) for income tax in April 2026, many of you—especially those with joint property ownership—may be wondering how this new system will impact your tax obligations.
Emma looks at the types of businesses that can use the digital record keeping requirements for retailers.
Emma Hardwick answers the most commonly asked questions on Making Tax Digital!
On Thursday 31 January 2019, we hosted our first event of the year on 'Are you Making Tax Digital ready? Xero can help!'. The workshop was held at MyHotel in Brighton with Emma Hardwick, Head of Plus Advisory who provided an in-depth insight into MTD and how Xero can...
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