Making Tax Digital drive is failing to convince SMEs, says tax tech body
HM Revenue & Customs’ Making Tax Digital drive is proving problematic for small businesses, new research shows.
In one of the biggest administrative shake-ups affecting SMEs in years, sole traders and landlords earning more than £50,000 from their self-employment and property had to send their first Making Tax Digital (MTD) for Income Tax quarterly update by August 7, 2026.
MTD will extend to those earning more than £30,000 from April 2027, and to those earning more than £20,000 from April 2028.
HMRC said no penalt... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
