MTD (Making Tax Digital) for corporation tax has now been shelved as HMRC are turning their attention to e-invoicing which will have the same effect.
In the meantime MTD for sole traders and landlords is still going ahead
April 2026 for those with income (ie turnover, not profit) >£50kpa
April 2027 for those with income >£30kpa
April 2028 for those with income >£20kpa
In order to be compliant we recommend that you
- Sign up to Xero (they have a new Simple version starting at £7pm)
2. Connect you bank account
3. Keep your bookkeeping up to date each month
4. Consider joining our monthly bookkeeping sessions which provide both accountability and advice on how to do your bookkeeping (on any system) and some Xero tips.