Are you and relevant clients ready for Making Tax Digital?

Is this new regime actually simpler for clients?

clock • 5 min read

Alex Ranahan sets out the Making Tax Digital rules and urges advisers to help relevant clients get to grips with their new responsibilities...

HM Revenue & Customs' (HMRC) drily abbreviated tax-collecting initiative ‘MTD for ITSA' (Making Tax Digital for Income Tax Self-Assessment) will be arriving in the UK before we blink. It will affect landlords, some businesses, and sole traders operating as self-employed who are earning qualifying income and are currently registered for tax self-assessment. What's new is that these individuals will be obliged to create and maintain digital records and update HMRC every quarter using suitable software.  This additional obligation represents a considerable change from the normal annual s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Why cross-border financial planning is like puzzle-solving

Why cross-border financial planning is like puzzle-solving

'Financial planning isn't about chasing returns. It's about how everything fits together'

Matt Byrne
clock 12 November 2026 • 5 min read
Pension IHT reform: Awareness is not the same as readiness

Pension IHT reform: Awareness is not the same as readiness

'Quite a few firms seem to be caught somewhere between awareness and implementation'

Jamie Ponting
clock 11 November 2026 • 7 min read
Pension IHT reform will change more than estate planning

Pension IHT reform will change more than estate planning

Rethinking the ‘pension last’ approach

Hugi Clarke
clock 06 November 2026 • 4 min read