Now that the busy tax return is behind us, I can start to look forward. One of the items that I have been wanting to communicate to clients is Making tax digital. Some clients with self employed income and or rental income, that is over £50,000 will be impacted from April 2026, or if over £30,000 from April 27.
Manual records will become obsolete as we'll need to file digital uploads quarterly and one final submission.
Therefore, book keeping software will be required to enable this and preferably linked to a business bank account.
There is a pilot scheme for those that would like to get ahead and sign up early.
