S2 Ep4 | Making Tax Digital Explainer

Making Tax Digital for Income Tax is coming, and for many self-employed individuals and landlords, the clock is already ticking.From April 2026, HMRC will begin phasing in new digital reporting rules based on your gross income from self-employment and rental property. In this video, Daren clearly explains:✔️ The income thresholds and rollout dates (2026, 2027 and beyond)✔️ How HMRC calculates “qualifying income”✔️ The quarterly submission deadlines you’ll need to meet✔️ What changes from the traditional annual Self Assessment✔️ Real-life examples showing who wil, and won’t,need to complyIf you’re a landlord, sole trader, or managing both rental income and a business, this guide will help you understand where you stand and what practical steps to take next.Making Tax Digital isn’t just a tax change, it’s a systems change. The earlier you understand it, the smoother the transition will be.Thank you so much for the continued support. As said in the Podcast please do send in any questions you have, any advice you need or any stories about your property experiences!Contact us - [email protected]