Accounting Insight

MAY 1, 2025

Originally, MTD was planned to launch in April 2018 this was then pushed back several times, and is now set to be mandated in 2026 or 2027 depending on the taxpayer’s threshold. The change will affect those with over 50,000 in income per year in 2026, moving to 30,000 in 2027. What are the requirements for MTD?

Tax 40

Tax income tax tax return Technology 40

Accounting Insight

MAY 9, 2025

Your clients will need to use MTD for Income Tax if they are sole traders and landlords, and: from 6 April 2026, their total gross income from their self-employment and/or property exceeds 50,000 in 2024-25. from 6 April 2028, their total gross income from their self-employment and/or property exceeds 20,000 in 2026-27.

income tax 52

income tax Tax tax return bookkeeping software 52

Accounting Insight

MAY 7, 2025

Making Tax Digital for Income Tax (MTD IT) will be implemented in April 2026. While accountants understand the new requirements and are taking steps to get their Practice and clients ready, many Initor Global customers have asked how we can help them transition to the new regime using our offshore bookkeeping, tax and accounting services.

income tax 52

income tax Tax bookkeeping bookkeeping software 52