Answering Accountancy Questions
About to start your own business? Each week, I answer your accountancy questions. Aimed at UK small business owners, I answer the questions you often ask, such as "how much money should you set aside for tax?" and "do I need to trade through a Limited Company?".
Answering Accountancy Questions
S5 E2: What do I need to do for Making Tax Digital (MTD)?
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In April 2026 HMRC’s Making Tax Digital finally goes live.
In the 2nd episode of my Making Tax Return series I run through:
A quick recap of the last episode (who does MTD apply to and why are HMRC doing this to us!)
What are the deadlines for the quarterly MTD submissions?
Do I need software for MTD and what options are there avaliable?
What will be included on the MTD quarterly submissions?
Will there be any penalties if I miss a deadline?
Here is a link to a short blog that covers the basics of Making Tax Digital: https://www.loudandclearaccounting.co.uk/blog/post/26030/what-is-making-tax-digital-mtd/
