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Friday, June 27, 2025
Cumberland and Westmorland Herald
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    Pensioner exposed himself to Lake District runner

    Pensioner exposed himself to Lake District runner

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    Expansion of smell complaints scheme

    Terminal hillness: Cumbrian man with incurable cancer pays homage to the Lake District

    Terminal hillness: Cumbrian man with incurable cancer pays homage to the Lake District

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    Ex-soldier cleared of causing two men’s death in M6 crash

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    Plans for 100-caravan holiday park revealed

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    Award for Eden police officer who goes the extra mile

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    Concerns over public toilets in Kirkby Stephen

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    Alarm bells over plans for wheelie bins in parts of rural Eden

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    Sockbridge and Tirril officially neighbourhood area

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    £100,000 target for new changing rooms extension

    £100,000 target for new changing rooms extension

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    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

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    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

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    New boss revealed for Penrith AFC

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    Penrith Panthers celebrate winning season

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Cumberland and Westmorland Herald
  • News
    Pensioner exposed himself to Lake District runner

    Pensioner exposed himself to Lake District runner

    Expansion of smell complaints scheme

    Expansion of smell complaints scheme

    Terminal hillness: Cumbrian man with incurable cancer pays homage to the Lake District

    Terminal hillness: Cumbrian man with incurable cancer pays homage to the Lake District

    Ex-soldier cleared of causing two men’s death in M6 crash

    Ex-soldier cleared of causing two men’s death in M6 crash

    Plans for 100-caravan holiday park revealed

    Plans for 100-caravan holiday park revealed

    Award for Eden police officer who goes the extra mile

    Award for Eden police officer who goes the extra mile

    Concerns over public toilets in Kirkby Stephen

    Concerns over public toilets in Kirkby Stephen

    Alarm bells over plans for wheelie bins in parts of rural Eden

    Alarm bells over plans for wheelie bins in parts of rural Eden

    Sockbridge and Tirril officially neighbourhood area

    Sockbridge and Tirril officially neighbourhood area

  • Sport
    £100,000 target for new changing rooms extension

    £100,000 target for new changing rooms extension

    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

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Home Expert advice
This article appears as part of a paid partnership with Armstrong Watson

Updates to Making Tax Digital for Income Tax

By Dan Cozens, Business Services Manager, Armstrong Watson

by CWH
29 April 2025
in Expert advice, News, Sponsored
A A
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Dan Cozens, of Armstrong Watson

Chancellor Rachel Reeves included updates within the Spring Statement to Making Tax Digital (MTD) for Income Tax, expanding its reach to include a wider range of small businesses.

What is Making Tax Digital?

MTD is a modernisation of the tax system that requires businesses to keep digital records of their income and expenses and file them on compatible software quarterly to HMRC.

This requirement has applied to VAT registered businesses since April 2022, and from April 2026, will be introduced for self-employed individuals and landlords too.

Individuals will need to submit updates every quarter, bringing the tax system closer to real-time.

An End of Year declaration will still be required – this will be similar to your normal self-assessment tax return.

Who will be affected?

Self-employed individuals and landlords with an income of more than £50,000 will be required to comply from April 2026. Those with an income of between £30,000 and £50,000 will need to do this from April 2027.

Key changes

It’s now been confirmed that starting from April 2028, sole traders and landlords with an income of more than £20,000 will also be required to use MTD-compatible software for tax returns.

Additionally, certain taxpayer groups, such as those with a Power of Attorney, non-UK resident foreign entertainers and sportspeople, ministers of religion, and recipients of the Married Couples’ or Blind Persons’ Allowances will be exempt or have their MTD obligations deferred.

The criteria for deferrals will be set out once the legislation has been finalised.

Another significant update is the requirement for end-of-year information and final declarations to be submitted using MTD-compatible software, which eliminates the use of HMRC’s online service for these submissions meaning taxpayers can complete their tax obligations in one place.

If you are unsure whether you’re ready for Making Tax Digital or would like advice and support, please get in touch.
Call 01768 222030 or email help@armstrongwatson.co.uk

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