MTD (Making Tax Digital) update for Self Employed Tax Payers

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HMRC aims to become one of the most digitally advanced tax administrations globally, with MTD being a key programme to make tax management easier for individuals and businesses. The phased approach for income tax includes:

  • 2026 for those with combined income over £50,000.
  • 2027 for those with combined income over £30,000.
  • 2029 for those with combined income over £20,000.

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