Making Tax Digital for Income Tax (MTD IT) will affect some sole traders and landlords by changing how business records are kept and how tax information is sent to HM Revenue & Customs
Making Tax Digital for Income Tax
The first stage of MTD was for VAT Returns and we have successfully helped our VAT registered clients to meet their MTD obligations.
The next stage, Making Tax Digital for Income Tax (MTD IT), becomes mandatory for certain self-employed individuals and property landlords from 6 April 2026. We can recommend suitable software to help you prepare.
For partnerships and limited companies, MTD will follow at a later date. We will keep you informed of any news that affects you.
Self-Assesment
We will ensure that your tax liability is calculated correctly and advise you what payments are due and when.
We oversee any filing deadlines and ensure that your Self-Assessment Tax Returns are filed in a timely manner, avoiding unnecessary penalties.
Corporation Tax
We will prepare and review your Corporation Tax Returns to include the necessary exemptions, allowances and deductions, keeping your tax liability to a minimum. We monitor filing deadlines to ensure that you remain compliant and penalty free.
Capital Gains Tax
Whether you are looking at investments, a second property or a different asset, our team can make sure you maximise your exemptions while simplifying the difficult area of Capital Gains Tax.
Personal Tax Planning
The complex issue of personal tax can be difficult to understand. We can provide guidance and advice to create a tax planning strategy to suit you and keep your tax liability to a minimum.
