Spring Statement Announced

If you’re a sole trader earning over £50,000, April 2026 marks a major turning point. That’s when Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) becomes mandatory, and your annual tax return will be replaced with quarterly digital submissions. That might sound overwhelming, especially if you’re still using spreadsheets or paper records. But here’s the good news: You’ve still got time to

From April 2026, significant changes are coming to the UK tax system, and if you’re a sole trader or landlord, it’s vital that you understand how these changes will impact you. The government’s Making Tax Digital (MTD) initiative is moving income tax reporting into the digital age, and those who don’t prepare in advance risk penalties, confusion, and unnecessary stress. In this detailed guide, we’ll