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Category: Making Tax Digital Income Tax (MTD IT)

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How to Prepare for MTD for IT: A Simple Guide for the Self-Employed

March 4, 2025

If you’re self-employed and earning over £50,000 (from 2026) or £30,000 (from 2027), you’ll soon need to follow the new Making Tax Digital for Income Tax (MTD for IT) rules. That means quarterly income and expense reporting, digital record-keeping, and using HMRC-approved software. Sounds complicated? It doesn’t have to be. Here’s a straightforward guide to…
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Making Tax Digital for IT: What Self-Employed Business Owners Need to Know

March 4, 2025

If you’re self-employed, you’ve probably heard about Making Tax Digital for Income Tax (MTD for IT). But what does it actually mean for you? More importantly, does it even apply to you? There’s a lot of confusion around MTD, so let’s break it down in simple terms. Who Does MTD for IT Affect? 👉 It…
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