Making Tax Digital for Income Tax changes how many self-employed people and landlords report to HMRC. Preparing early makes the switch painless.
Who it affects
It applies to self-employed individuals and landlords above certain income thresholds, with the rules phasing in over the coming years.
How to prepare
- Move to compatible cloud accounting software
- Get into the habit of keeping digital records
- Understand the quarterly update schedule
- Ask us to set everything up for you