Could You Be Exempt From Making Tax Digital (MTD)? Know Who Qualifies and How to Apply

Could you be exempt from Making Tax Digital (MTD)? Know who qualifies and how to apply

The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us and you must know whether these rules apply to you. The new system of digital tax reporting commences from 6 April 2026 and while HMRC has confirmed that self-employed individuals, landlords or sole traders could be exempt, the reality is that most people will not qualify. However, if you do believe that you or someone you support may be exempt, you must act now and ma…

How do you know if you are exempt from Making Tax Digital (MTD)? | Accountants Bury St Edmunds, Ipswich & Thetford

The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether… The post How do you know if you are exempt from Making Tax Digital (MTD)? appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

How do you know if you are exempt from Making Tax Digital (MTD)?

The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether the rules apply to them and if they could be exempt. Not knowing if you are exempt by now could put you at risk of rushed submissions and not having enough time to prepare. While HMRC has confirmed that …