• Taxation
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• October 6, 2025

From April 2026, Making Tax Digital (MTD) will introduce a new requirement for quarterly reporting. This will apply to self‑employed individuals and landlords whose annual income exceeds £50,000. Under MTD, instead of submitting a single annual tax return, you will need to keep digital records and send quarterly updates of your income and expenses to HMRC. This change is designed to help you manage your tax affairs more efficiently and reduce end‑of‑year surprises. It’s important to prepare now by ensuring your record‑keeping systems are digital‑ready and compliant with HMRC’s requirements. (https://www.gov.uk/guidance/check-if-youre-eligible-for-making-tax-digital-for-income-tax)