Last updated: January 2026 | Reading time: 8 minutes A jargon-free guide to understanding what MTD means for you Don’t Panic! Making Tax Digital sounds complicated, but it’s really just a new way of keeping track of your business money and telling HMRC about it. If you can use a smartphone app, you can do […]
Last updated: January 2026 | Reading time: 10 minutes Covers: Late submission penalties, late payment penalties, penalty points, interest charges, and how to appeal Key TakeawaysNew points-based system: Each missed quarterly deadline = 1 penalty point4 points = £200 fine: Every subsequent late submission adds another £200Late payments: No penalty for first 15 days, then […]
Last updated: January 2026 | Reading time: 12 minutes Covers: MTD for Income Tax thresholds, quarterly deadlines, and how to prepare for each phase Key TakeawaysApril 2026: MTD mandatory for qualifying income over £50,000April 2027: Threshold drops to £30,000 — affecting an additional 900,000+ taxpayersApril 2028: Threshold drops to £20,000 — near-universal coverage for self-employed […]
