Making Tax Digital for Income Tax (MTD IT) changes how self-employed individuals and landlords report income to HMRC. Instead of one annual tax return, you will submit quarterly updates throughout the year using compatible software, plus a final tax return.
At the start of a new year, many people are thinking about fresh starts and better decisions. Here’s one you might not have considered yet: making sure you’re not paying more tax than you need to. Every year, many people decide to complete their own tax return. For some, it works out fine. For others, a small misunderstanding or simple mistake can quietly turn into a costly problem.