26 reactions · 14 shares | Self employed and earn over £50k? A new way to do your Income Tax returns is coming. | HMRC | Facebook
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Making Tax Digital is HMRC’s way of bringing tax into the modern world. It means your business records and tax submissions need to be kept and filed digitally through approved software. No spreadsheets, no manual uploads. At first glance it sounds like more admin, but it can actually be a real benefit. When your data is live and accurate, you get a clear view of your numbers, avoid simple errors, and stay on top of deadlines automatically. It’s not just about compliance. It’s about running a tig
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Making Tax Digital is one of the biggest tax changes HMRC has ever rolled out, and it is already changing the way individuals and businesses deal with their tax return and self assessment. At its core, Making Tax Digital is HMRC’s plan to modernise the UK tax system by replacing paper forms and outdated processes with digital record keeping and online submissions. If you run a business, are self employed, or even a landlord, these rules directly affect the way you keep records and file to HMRC.
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