
Here is an infographic road map for MTD.
In summary
- 2024/25 income over £50k -> MTD from April 2026
- 2025/26 income over £30k -> MTD from April 2027
Note: Income is that from self-employment and/or rental before costs.
If you are one of the 860,000 individuals moving into the new regime from April 2026, HMRC are also keen to stress that a normal annual tax return will still be required for the tax year to 5 April 2026. This means that in addition to providing HMRC with quarterly updates on the year to 5 April 2027 during that tax year, your annual 2025/26 tax return will still need to be filed by 31 January 2027.
Use the 'contact us' tab to request a PDF version or for an initial consultation.

June 27, 2024
Choosing the best way to finance business asset purchases: Lease, Contract Hire or Hire Purchase?
Read article


.png)