VAT and Making Tax Digital for Income Tax are separate systems with different thresholds and rules.
Understanding the difference helps avoid confusion.
Watch the video to learn more.
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What software do you need for Making Tax Digital?
You’ll need compatible software to keep records and send updates, but choosing the right one makes all the difference.
Watch the video to learn more.
Not prepared for Making Tax Digital yet?
The best approach is to start early, set up your records and get support if needed.
Work in construction and self-employed?
Making Tax Digital will change how frequently income is reported, moving from once-a-year habits to regular updates.
Watch the video to see what it means for you.
If you earn rental income, it can count toward your qualifying income for Making Tax Digital.
HMRC measures gross property income, and it can combine with self-employment income when determining thresholds.
Learn more at Taxara.co.uk
Making Tax Digital means self-employed people will keep digital records and send quarterly updates using compatible software.
A year-end finalisation still takes place to confirm numbers and other income.
Learn more at Taxara.co.uk
Making Tax Digital for Income Tax starts in phases.
From April 2026 it applies to those with qualifying income above £50,000, and from April 2027 it extends to those above £30,000.
Qualifying income refers to gross income from self-employment and property.
Learn more at Taxara.co.uk
Delivery driver?
Tax is based on profit after allowable expenses. Common costs may include mileage, insurance, repairs, fuel and platform fees.
Expenses must be wholly and exclusively for business use.
Make it simple. Link in bio.
Making Tax Digital introduces more regular reporting and digital record-keeping.
There can be a learning curve at first, but good habits and the right tools make the process much easier.
Learn more at Taxara.co.uk
When you’re self-employed, your business tax is based on profit after allowable expenses.
But other income like employment, interest, dividends or rental income can affect your total tax position.
See how Taxara simplifies this at Taxara.co.uk
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