Self employed and earn over £50k? A new way to do your Income Tax returns is coming. | HMRC
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Think Making Tax Digital for Income Tax means more tax returns? Think again. 📒You’ll send quarterly updates of income and expenses to HMRC from recognised software 💻These updates aren’t tax returns 📅You won’t pay four tax bills a year Find out what it means for you and how to prepare: 👇 https://makingtaxdigital.campaign.gov.uk/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=mtd | HMRC
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Received a letter from HMRC about "Making Tax Digital"? Starting April 2026, the way you report your business income is changing. If you are a sole trader with a total turnover (your total sales before expenses) of more than £50,000, the traditional "once-a-year" tax return is being replaced. Wait—do I hit the limit? HMRC looks at your total gross turnover. If you have a small business plus any rental income, those amounts are combined. If the total is over £50,000, you are legally required to s
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Worried about the cost of Making Tax Digital? Did you know there are free options available? If you’re a sole trader or landlord and have turnover of more than £50,000, you’ll need to use recognised software to keep digital records of your income and expenses. Find out more about Making Tax Digital and what software’s available: 👇 https://makingtaxdigital.campaign.gov.uk/making-tax-digital-software/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=mtd&utm_content=software | HMRC
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There’s just 6 months to go until the introduction of Making Tax Digital for Income Tax. ⏰ From April 2026 there will be a new way to report income from self-employment and property to HMRC if you earn over £50,000. Sign up now for the next tax year and start using MTD for Income Tax straight away. This is the best way to help you get ready, test the service and be ahead of the crowd. 🔽 https://makingtaxdigital.campaign.gov.uk/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=mtd | HMR
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