#makingtaxdigital — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #makingtaxdigital, aggregated by home.social.
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TAX DEADLINE: What self-employed people across Swansea Bay need to know before 31 July
Self-employed people and landlords across Swansea Bay and Carmarthenshire have a month to get ready for the next tax deadline.
The second “payment on account” for the 2025-26 tax year is due by midnight on 31 July, HM Revenue and Customs has reminded taxpayers.
Payments on account are advance payments towards a Self Assessment tax bill, split into two instalments due on 31 January and 31 July. Each is half of the tax owed the previous year.
For many self-employed tradespeople, freelancers and small landlords across the region, it is one of two key dates in the tax calendar.
HMRC says anyone who expects to struggle can set up a monthly or weekly payment plan to spread the cost, with anything already paid counted towards the next bill.
The payments can be made through the HMRC app, on GOV.UK, or by a range of other methods listed on the government website.
Not everyone has to make them. Taxpayers are exempt if the tax they owed last year was under £1,000, or if they paid more than 80% of what they owed outside Self Assessment — for example through their tax code.
Anyone who expects their bill to be lower than last year can also ask HMRC to reduce their payments on account.
Myrtle Lloyd, HMRC’s chief customer officer, said help was available for every taxpayer, from paying instantly through the app to spreading the cost through a payment plan.
She urged people to search “Pay your Self Assessment tax bill” on GOV.UK to find the option that suits them.
The reminder comes as the way self-employed people report their tax continues to change. Sole traders and landlords with annual turnover above £50,000 must now use Making Tax Digital for Income Tax, submitting quarterly updates to HMRC, with the first deadline for the 2026-27 year on 7 August.
The shift — which SBN reported earlier this year as the biggest shake-up to tax returns in a generation — means thousands of local self-employed people will need compatible software and to be signed up.
From mid-July, HMRC says around 300,000 taxpayers liable for the High Income Child Benefit Charge will have their Child Benefit details filled in automatically on their online return, to make it easier to get right.
The deadline for filing the 2025-26 return in full, and paying any remaining tax, is 31 January 2027. HMRC says filing early means people know what they owe sooner.
There is also a warning to stay alert to fraud. Criminals often impersonate HMRC to steal money or personal details, and the tax office urges people never to click links in unexpected messages or share their sign-in details, and to check GOV.UK if in doubt.
Related stories from Swansea Bay News
‘Death of the traditional tax return’ as biggest shake-up in 30 years hits South Wales
How Making Tax Digital is changing tax returns for the self-employed.Swansea accountancy firm creates 20 new jobs as it becomes an MTD hub
#Business #HMRC #MakingTaxDigital #selfAssessment
Local support for businesses navigating the new digital tax rules. -
https://www.europesays.com/britain/43048/ Lloyds and BankiFi launch free MTD tool for small businesses #Bankifi #fintech #HMRC #Infrastructure&EnterpriseSoftware #Lloyds #LloydsBankingGroup #MakingTaxDigital #SmallBusinessBanking
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What if the problem isn’t access to support—
but the ability to access the system itself?https://substack.com/@hybridmind42/note/p-194712512?r=75c2ac
#HybridMind42 #PublicPolicy #UKPolicy #DWP #HMRC #MakingTaxDigital #SystemsThinking #Accessibility #DigitalInclusion #AdministrativeBurden #SocialSystems #PolicyDesign
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What if the problem isn’t access to support—
but the ability to access the system itself?https://substack.com/@hybridmind42/note/p-194712512?r=75c2ac
#HybridMind42 #PublicPolicy #UKPolicy #DWP #HMRC #MakingTaxDigital #SystemsThinking #Accessibility #DigitalInclusion #AdministrativeBurden #SocialSystems #PolicyDesign
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HMRC Spends More Than £6 Million on Advisers for Hated ‘Making Tax Digital’ Regime – Guido Fawkes
HMRC is spending more than £6 million per year on staff to administer the hated Making Tax Digital…
#NewsBeep #News #Business #GB #GuidoFoIUnit #HMRC #MakingTaxDigital #UK #UnitedKingdom
https://www.newsbeep.com/uk/522610/ -
@drdrmc @neil Oh it's maddening. If anyone reading this knows a good way to keep using a spreadsheet while complying with #MakingTaxDigital I'd love to know.
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@drdrmc @neil Oh it's maddening. If anyone reading this knows a good way to keep using a spreadsheet while complying with #MakingTaxDigital I'd love to know.
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@drdrmc @neil Oh it's maddening. If anyone reading this knows a good way to keep using a spreadsheet while complying with #MakingTaxDigital I'd love to know.
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@drdrmc @neil Oh it's maddening. If anyone reading this knows a good way to keep using a spreadsheet while complying with #MakingTaxDigital I'd love to know.
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@drdrmc @neil Oh it's maddening. If anyone reading this knows a good way to keep using a spreadsheet while complying with #MakingTaxDigital I'd love to know.
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‘Death of the traditional tax return’ as biggest shake-up in 30 years hits South Wales
From April 6, a radical new regime known as Making Tax Digital (MTD) will become mandatory for anyone with a gross income above £50,000 per year, marking the end of an era for paper-based filing.
Experts have described the overhaul as the most significant change to the UK tax system since the introduction of self-assessment nearly 30 years ago in 1997.
Regional accountancy firm Azets, which has offices in Swansea and Cardiff, is urging local business owners to act now to avoid falling foul of the new HMRC rules.
Under the new system, qualifying individuals will no longer be able to submit a single annual return; instead, they must keep digital records and provide updates to the taxman every single quarter.
Fraser Campbell, UK Head of ABAS at Azets, who is warning South Wales businesses to prepare for the “death of the traditional tax return.”Fraser Campbell, UK Head of ABAS at Azets, has confirmed that the shift represents a major digital reporting obligation for hundreds of thousands of landlords and sole traders.
“MTD truly signifies the death of the traditional income tax return,” Mr Campbell has said, adding that the April deadline is now “fast approaching.”
The changes are set to affect an estimated 864,000 individuals nationwide from next month, with that number predicted to soar to nearly three million within just three years.
While the initial phase targets those earning over £50,000, the threshold is set to drop to £30,000 in April 2027 and further still to £20,000 by 2028.
HMRC has said the move will bring the tax system closer to “real-time,” providing businesses with more accurate financial information throughout the year.
However, the transition requires the use of specific MTD-compatible software, and experts are warning that those who haven’t yet modernised their processes could face a scramble to comply.
“Preparation, planning ahead and taking advice at the right time are key for compliance,” Mr Campbell has stated, urging those in South Wales to check their qualifying income immediately.
Related stories from Swansea Bay News
Swansea mum wipes £1,500 off her mortgage with simple hack
A quick switch slashes years off repayments — and locals say it works.The supermarket maths trick that stops shoppers falling for fake deals
A GCSE‑level skill exposes the offers that aren’t really offers at all.£100 contactless limit set to be scrapped
A major shake‑up for tap‑and‑go payments as rules face overhaul.Call to scrap VAT on sunscreen as skin cancer rates rise
Campaigners say sun protection should be treated as essential, not a luxury.More money stories
#Azets #Business #Cardiff #Finance #HMRC #Landlords #MakingTaxDigital #money #MTD #SelfEmployed #Swansea #tax
The latest ways people across our region are saving, spending and staying afloat. -
luckily I'm under the 30k turnover threshold, so #MakingTaxDigital will only affect me from April 2028. Hoping that the system will have collapsed by then. Also, according to the emails they keep sending me, the April 2028 step hasn't been officially approved yet. Fingers crossed ... https://www.theguardian.com/money/2026/feb/21/making-tax-digital-ready-hmrc-self-assessment-shake-up #selfEmployed
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luckily I'm under the 30k turnover threshold, so #MakingTaxDigital will only affect me from April 2028. Hoping that the system will have collapsed by then. Also, according to the emails they keep sending me, the April 2028 step hasn't been officially approved yet. Fingers crossed ... https://www.theguardian.com/money/2026/feb/21/making-tax-digital-ready-hmrc-self-assessment-shake-up #selfEmployed
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luckily I'm under the 30k turnover threshold, so #MakingTaxDigital will only affect me from April 2028. Hoping that the system will have collapsed by then. Also, according to the emails they keep sending me, the April 2028 step hasn't been officially approved yet. Fingers crossed ... https://www.theguardian.com/money/2026/feb/21/making-tax-digital-ready-hmrc-self-assessment-shake-up #selfEmployed
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luckily I'm under the 30k turnover threshold, so #MakingTaxDigital will only affect me from April 2028. Hoping that the system will have collapsed by then. Also, according to the emails they keep sending me, the April 2028 step hasn't been officially approved yet. Fingers crossed ... https://www.theguardian.com/money/2026/feb/21/making-tax-digital-ready-hmrc-self-assessment-shake-up #selfEmployed
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luckily I'm under the 30k turnover threshold, so #MakingTaxDigital will only affect me from April 2028. Hoping that the system will have collapsed by then. Also, according to the emails they keep sending me, the April 2028 step hasn't been officially approved yet. Fingers crossed ... https://www.theguardian.com/money/2026/feb/21/making-tax-digital-ready-hmrc-self-assessment-shake-up #selfEmployed
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HMRC Issues New Digital Tax Filing Mandate for High Earners
HMRC's Making Tax Digital for Income Tax starts April 6, 2026. Find out if you need to file quarterly updates if you earn over £50,000.
#HMRC #MakingTaxDigital #UKTax #SelfAssessment #IncomeTax
https://newsletter.tf/hmrc-new-digital-tax-filing-rules-for-uk-earners-over-50000-april-2026/
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HMRC Issues New Digital Tax Filing Mandate for High Earners
HMRC's Making Tax Digital for Income Tax starts April 6, 2026. Find out if you need to file quarterly updates if you earn over £50,000.
#HMRC #MakingTaxDigital #UKTax #SelfAssessment #IncomeTax
https://newsletter.tf/hmrc-new-digital-tax-filing-rules-for-uk-earners-over-50000-april-2026/
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Starting April 6, 2026, UK taxpayers earning over £50,000 will need to submit tax updates every three months instead of once a year.
#HMRC #MakingTaxDigital #UKTax #SelfAssessment #IncomeTax
https://newsletter.tf/hmrc-new-digital-tax-filing-rules-for-uk-earners-over-50000-april-2026/
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Starting April 6, 2026, UK taxpayers earning over £50,000 will need to submit tax updates every three months instead of once a year.
#HMRC #MakingTaxDigital #UKTax #SelfAssessment #IncomeTax
https://newsletter.tf/hmrc-new-digital-tax-filing-rules-for-uk-earners-over-50000-april-2026/
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https://www.europesays.com/uk/762581/ Only 4% of Taxpayers Sign Up to HMRC’s Hated Digital Regime – Guido Fawkes #Business #HMRC #MakingTaxDigital #UK #UnitedKingdom
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Whilst it isn't a #FOSS solution I am thrilled that my business bank (Starling) have announced they are building #MTD tool into their sole trader account! #MakingTaxDigital
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Whilst it isn't a #FOSS solution I am thrilled that my business bank (Starling) have announced they are building #MTD tool into their sole trader account! #MakingTaxDigital
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Whilst it isn't a #FOSS solution I am thrilled that my business bank (Starling) have announced they are building #MTD tool into their sole trader account! #MakingTaxDigital
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Whilst it isn't a #FOSS solution I am thrilled that my business bank (Starling) have announced they are building #MTD tool into their sole trader account! #MakingTaxDigital
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Whilst it isn't a #FOSS solution I am thrilled that my business bank (Starling) have announced they are building #MTD tool into their sole trader account! #MakingTaxDigital
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@mmorschel going digital for tax etc may turn out to have been sub-optimal.
Particularly if it uses closed source applications running on closed source operating systems on proprietary hardware of limited sourcing.
#MakingTaxDigital -
@mmorschel going digital for tax etc may turn out to have been sub-optimal.
Particularly if it uses closed source applications running on closed source operating systems on proprietary hardware of limited sourcing.
#MakingTaxDigital -
@mmorschel going digital for tax etc may turn out to have been sub-optimal.
Particularly if it uses closed source applications running on closed source operating systems on proprietary hardware of limited sourcing.
#MakingTaxDigital -
@mmorschel going digital for tax etc may turn out to have been sub-optimal.
Particularly if it uses closed source applications running on closed source operating systems on proprietary hardware of limited sourcing.
#MakingTaxDigital -
@mmorschel going digital for tax etc may turn out to have been sub-optimal.
Particularly if it uses closed source applications running on closed source operating systems on proprietary hardware of limited sourcing.
#MakingTaxDigital -
HMRC issues 6-month alert to 780,000 tax payers – check if its you | Personal Finance | Finance
In just six months, self-employed workers and landlords with an income that exceeds £50,000 will have to adopt…
#NewsBeep #News #Business #Employment #GB #HMRC #hmrctaxlatest #hmrctaxnews #IncomeTax #MakingTaxDigital #Self-Assessment #Taxes #UK #UnitedKingdom
https://www.newsbeep.com/uk/195074/ -
Possibly the dullest question I've ever asked but.. #UK #Freelancers has anyone found an #opensource solution/approach for the upcoming #MakingTaxDigital stuff? Preferably on #Linux ? Absolutely rubbish if it forces me into some proprietary nonsense. #selfemployed
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Possibly the dullest question I've ever asked but.. #UK #Freelancers has anyone found an #opensource solution/approach for the upcoming #MakingTaxDigital stuff? Preferably on #Linux ? Absolutely rubbish if it forces me into some proprietary nonsense. #selfemployed
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Possibly the dullest question I've ever asked but.. #UK #Freelancers has anyone found an #opensource solution/approach for the upcoming #MakingTaxDigital stuff? Preferably on #Linux ? Absolutely rubbish if it forces me into some proprietary nonsense. #selfemployed
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Possibly the dullest question I've ever asked but.. #UK #Freelancers has anyone found an #opensource solution/approach for the upcoming #MakingTaxDigital stuff? Preferably on #Linux ? Absolutely rubbish if it forces me into some proprietary nonsense. #selfemployed
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Possibly the dullest question I've ever asked but.. #UK #Freelancers has anyone found an #opensource solution/approach for the upcoming #MakingTaxDigital stuff? Preferably on #Linux ? Absolutely rubbish if it forces me into some proprietary nonsense. #selfemployed
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💰Some thoughts on the potential effects of the introduction of #MakingTaxDigital in the #UK on #FOSS and #plainTextAccounting methods.
#tax #accounting -
💰Some thoughts on the potential effects of the introduction of #MakingTaxDigital in the #UK on #FOSS and #plainTextAccounting methods.
#tax #accounting -
💰Some thoughts on the potential effects of the introduction of #MakingTaxDigital in the #UK on #FOSS and #plainTextAccounting methods.
#tax #accounting