US EditionHMRC introduces 'most significant change to Self Assessment since 1997'
- Making Tax Digital for Income Tax begins April 6, 2026.
- The system introduces changes in phases after MTD for VAT succeeded.
- Individuals must maintain digital accounts and provide income data each quarter.
- Income exceeding £50,000 requires compliance starting April 2026.
- Its goals include saving businesses hours and lowering tax errors.
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Telegraph & Argus+11 Reposted by 11 other sources
HMRC introduces 'most significant change to Self Assessment since 1997'
HMRC is urging tax payers to get ready for the most significant change to Self Assessment since 1997
·Bradford, United Kingdom
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