Preparing for Phase 2: MTD for 30K+ Income
MTD Phase 2 starts April 2027 for qualifying income over £30,000. Learn what to do now to prepare: software, timeline, and lessons from Phase 1.
MTD Income Tax
Basis Period Reform and MTD
The shift to tax year basis from 2024/25 directly affects MTD quarterly reporting. Learn about overlap relief and aligning your accounting period.
Rent a Room Relief and MTD
Rent a Room relief can keep lodger income outside MTD. Learn when the £7,500 exemption applies and how it interacts with other rental income.
Simplified Expenses Under MTD
Simplified expenses and flat rate deductions remain available under MTD. Learn the current rates and how to record them in your quarterly updates.
Non-UK Residents and MTD Income Tax
Non-UK residents with UK property income get a temporary MTD deferral until April 2027. Learn how foreign landlords are affected by Making Tax Digital.
MTD and VAT: How Income Tax and VAT Requirements Interact
MTD for VAT and Income Tax are separate systems. Learn how they interact and what changes for VAT-registered businesses from April 2026.
MTD for New Businesses and First-Time Landlords
MTD doesn’t apply to new businesses from day one. Learn when new sole traders and first-time landlords enter Making Tax Digital and how to prepare.
Using Bank Feeds for MTD Digital Records
Bank feeds pull transactions into MTD software automatically but need categorising. Learn how to set up feeds and meet HMRC digital record-keeping requirements.
MTD and the Trading Allowance / Property Allowance
The £1,000 trading and property allowances interact with MTD in nuanced ways. Learn when small income counts towards your qualifying threshold.
Capital Allowances and Year-End Adjustments Under MTD
Capital allowances, loss relief, and pension contributions are claimed in the Final Declaration, not quarterly updates. Learn how MTD year-end adjustments work.
