Up to 250,000 more taxpayers will be included in the recent changes to Making Tax Digital for Income Tax (MTD-IT). The recent amendments mean taxpayers earning between £20-30,000 per year, will now be included in the initiative at some point.
MTD will initially apply to taxpayers with income from trading and property over £50,000 per year from April 2026. The second section of taxpayers to be affected will be those with an income between £30,000 and £49,999 by April 2027.
Those individuals earning less than £30,000 will be affected in April 2027 or April 2028.
If you would like help and support with complying with MTD-IT, please contact RollPay on sales@rollpay.co.uk
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