‘Concerned but not surprised’: Three-quarters of UK landlords and sole traders miss digital tax launch Personal Finance Only a quarter of sole traders and landlord who need to sign up for the UK’s new digital tax system have done so, despite the scheme already having come into effect this month. From 6 April, anyone who earned more than £50,000 in the 2024/25 tax year from property or self-employment income was required to [...]
HMRC rejects nearly half of digital tax exemptions Tax HMRC has rejected almost half of applications from taxpayers seeking exemption from Making Tax Digital (MTD) for Income Tax. Figures obtained via a Freedom of Information (FoI) request by Saffery show that as of February 2026 more than 1,600 people had applied for exemption on the grounds of “digital exclusion”. Of those, 855 applications were [...]
Making Tax Digital set to boost SME productivity Business Britain’s push to digitise tax ahead of the Making Tax Digital (MTD) deadline is set to help close its productivity gap with countries like France and Germany, City AM understands. According to Starling Bank, wider use of digital financial tools by SMEs could add £25.3bn to the economy, helping to narrow the UK’s productivity gap [...]