Key steps to managing income tax

HMRC is extending its Making Tax Digital system to sole traders and landlords, writes LEVI WINCHESTER

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Millions of self-employed Brits and landlords will soon have to get used to a new way of reporting their tax. All VAT-registered businesses have been required to use Making Tax Digital since 2022 - but from April 2026, more people will be required to comply with the rules. Making Tax Digital is essentially a new way for you to manage tax records digitally and submit updates to HMRC.

WHEN WILL I HAVE TO START USING MAKING TAX DIGITAL?