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Important updates on Making Tax Digital (MTD)
Important updates on Making Tax Digital (MTD)
Starting April 2026, MTD will apply to individuals with self-employment or rental income over £50,000
May 7, 2025

In this video, Hayley and Simon share some important updates on Making Tax Digital (MTD). Starting April 2026, MTD will apply to individuals with self-employment or rental income over £50,000. If you meet this threshold, you’ll need to submit your income and expenses quarterly through approved cloud bookkeeping software like Xero.

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The information contained in this article is based on the opinion of Hive Business and does not constitute formal tax advice. Any tax outcomes will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future. You should seek specific advice before embarking on any course of action. Hive Business does not provide regulated Financial Advice, including advice on investment, insurance or lending products or their suitability for you. This article is provided for information only and does not constitute, and should not be interpreted as, investment advice or a recommendation to buy, sell or otherwise transact, or not transact, in any investment including Bitcoin and other crypto. Any use you wish to make of any information contained within this article is, therefore, entirely at your own risk.

By Hayley Robins ACA Accountancy Director
If you have any questions or comments about this article, please get in touch.
Email Hayley

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