Making Tax Digital for Income Tax - Understanding the rules and successful implementation

In this webinar,  Partner, Martin Bugg, and Assistant Manager, Matt Wymer, explain everything you need to know about Making Tax Digital for Income Tax (MTDfIT) and how to prepare ahead of the April 2026 rollout.

You will learn:

• What Making Tax Digital for Income Tax is and why HMRC is introducing MTDfIT
• Who must comply and when, including the £50,000, £30,000 and £20,000 income thresholds
• How qualifying income is calculated for self-employment and property income
• What quarterly updates involve and how submission deadlines work
• How the final declaration replaces the traditional tax return
• Common pitfalls, penalties for late submissions, and how to remain compliant

The webinar sets out a practical, step-by-step approach to MTDfIT implementation, covering software selection, digital record keeping, registration, quarterly submissions, and final declarations. It also addresses more complex scenarios such as multiple income streams, jointly owned properties, and foreign property income.

If you are self-employed, a landlord, or responsible for advising others affected by MTDfIT, this session provides the clarity and confidence needed to prepare effectively.

Do not wait for HMRC’s letter. Early preparation reduces risk, avoids penalties, and saves time.
Contact Larking Gowen to discuss software options, registration, training, and ongoing MTDfIT compliance support.

Get in touch with Martin Bugg or Matt Wymer to start your MTDfIT preparation today.

This presentation is designed for the information of readers. Whilst every effort is made to ensure accuracy, information contained may not be comprehensive and viewers should not act upon it without seeking professional advice.