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How do you know if you are exempt from Making Tax Digital (MTD)?
Summary by Rotherham Taylor Chartered Accountants
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2 Articles
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M J Bushell
How do you know if you are exempt from Making Tax Digital (MTD)?
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether the rules apply to them and if they could be exempt. Not knowing if you are exempt by now could put you at risk of rushed submissions and not having enough time to prepare. While HMRC has confirmed that …
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