Making Tax Digital for Income Tax: What Existing Users Need to Know Now
Making Tax Digital is now active for the first group of sole traders and landlords. It was made compulsory on 6 April 2026 for individuals with income over £50,000. [GROSS QUALIFYING INCOME]
Current users are required to keep records digitally and file their first quarterly update by 7 August 2026. Other categories are advised to make arrangements for the new less favorable conditions to be imposed in 2027 and 2028. Read More - https://budgetaccountants.co.u....k/blog/making-tax-di