Making Tax Digital - UK self employment is about to change FOREVER!

UK self employment is about to change forever. Making Tax Digital for Income Tax (previously MTD ITSA) is going to start from April 2026 for businesses with a turnover above £50,000. The turnover figure will be based on the 2024/25 tax year. So in other words you have 1 MONTH left of the tax year that will be used to decide whether your self employment life will be turned upside down next year. Take note as this is a HUGE change to Self Assessment.

Check out my video about Dext: https://youtu.be/SIZH701MVis
https://smallbusinesstoolbox.uk/dext-overview/

My previous video about Making Tax Digital for Income Tax:
https://youtu.be/UtdCDIXQrNQ

HMRC links referenced in this video:
https://www.gov.uk/guidance/sign-up-your-business-for-making-tax-digital-for-income-tax
https://www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-sole-traders-and-landlords

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Видео Making Tax Digital - UK self employment is about to change FOREVER! канала Small Business Toolbox