News and tax updates.

Making Tax Digital now reaches Income Tax. From 6 April 2026, sole traders and landlords with qualifying income over £50,000 need to keep digital records and send quarterly updates to HMRC using compatible software. The threshold falls to £30,000 from April 2027 and £20,000 from April 2028.

If you are not sure whether you are affected, or need help choosing and setting up software, our Business Services team can help.

The VAT registration threshold rose from £85,000 to £90,000 of taxable turnover. Every VAT-registered business must also follow Making Tax Digital for VAT, keeping digital records and filing returns through compatible software.