UHY Ross Brooke Chartered Accountants
With Making Tax Digital (MTD) for Income Tax coming into force from 6 April 2026, HM Revenue & Customs (HMRC) have been writing to taxpayers over recent weeks to tell them that they are being mandated into the regime. MTD became mandatory from 6 April 2026 for sole traders and
Many business owners are searching for answers about Making Tax Digital for sole traders. In April 2026, HMRC introduced new reporting rules for self employed individuals under MTD for Income Tax. If you run a business as a sole trader, you may need to change how you keep records and
One of the first questions people ask when preparing for Making Tax Digital is which accounting software they should use. HMRC requires taxpayers within MTD to keep digital records and submit updates using MTD compatible software. Selecting the right system can make the process much easier. What should MTD software
Heard of it yet? Mandatory e-invoicing is likely to become one of the more important practical changes for UK companies over the next few years. By Chris Davies For many business owners, the first surprise is that an e-invoice is not simply a PDF attached to an email. In the
Find the latest tax rates for 2026/27 in our useful summary, including those relevant to: Self employed Landlords Investment or pension income Company director or shareholder Company taxation and income tax employment benefits and expenses NICs for employees NICs for employers National living and minimum wage NICs for the self
One of the most common questions about Making Tax Digital is what records HMRC requires you to keep. Under MTD for Income Tax, taxpayers must maintain digital records of income and expenses using compatible software. This applies to sole traders and landlords with gross combined income over £50,000, from April
Many taxpayers preparing for Making Tax Digital (MTD) want to know exactly what records HMRC expects them to keep. Under MTD for Income Tax, digital record keeping becomes mandatory for many landlords and sole traders. These rules start from April 2026. What records must be kept for MTD? Taxpayers within
Many landlords are still asking the same question. Does Making Tax Digital apply to rental income? From April 2026, landlords with gross rental income above £50,000 will need to follow the new Making Tax Digital for Income Tax (MTD for IT) rules. If you earn income from property, this change
If you run a business as a sole trader, the way you report tax to HMRC will soon change. Under Making Tax Digital for Income Tax, many self employed individuals will need to switch to digital record keeping and quarterly reporting. The first phase begins in April 2026. Do sole
One of the first questions people ask when preparing for Making Tax Digital is which accounting software they should use. HMRC requires taxpayers within MTD to keep digital records and submit updates using MTD compatible software. Selecting the right system can make the process much easier. What should MTD software