MTD Postponed until April 2026

Self employed business and landlords with total annual income above £50,000 will need to follow the rules for MTD from 6 April 2026.

From 6 April 2027 Self-employed business and landlords with total annual income above £30,000 will need to follow the rules for MTD

From April 2028 Unincorporated Partnerships with an income above £10,000 will join MTD

We currently do not have a date for Limited Companies.

The key requirement for all businesses falling within the MTD regime, whether that is for VAT, Income Tax Self-Assessment or Corporation Tax, will be to keep records digitally and up to date on a quarterly basis. 

For businesses whose records are currently manual, or completed annually, this will represent the biggest change to their bookkeeping processes and it may be advisable for them to begin that digital transformation journey as soon as possible.

Rosanna

With 9 years as a Squarespace Circle Member, website designer and content creator, Rosanna shares tips and resources about design, content marketing and running a website design business on her blog. She’s also a Flodesk University Instructor (with 10+ years expertise in email marketing), and runs Cornwall’s most popular travel & lifestyle blog too.

http://www.byrosanna.co.uk
Previous
Previous

Capital Gains Tax - Sale of Assets

Next
Next

Have you paid sufficient NIC contributions to qualify for state pension?