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Still doing your taxes just once a year? HMRC is officially changing the rules.
If you are a sole trader or a landlord in the UK, the way you report your income has fundamentally changed. Making Tax Digital (MTD) for Income Tax is now live, and it means the old "once-a-year" Self Assessment scramble is being phased out. Here is exactly what you need to know: The Thresholds: Earning over £50,000? You are already legally required to follow the new rules. Earning over £30,000? Your deadline is April 2027. Earning over £20,000? Your deadline is April 2028.
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6 hours ago1 min read
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