Active discussions

Help protect children from gaming harms.

Take our survey

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

Making Tax Digital

57 replies

auserna · 16/03/2026 18:39

Can anyone help to clarify the new requirements HMRC are instigating regarding MTD?

I attending one of the webinars but came away feeling completely confused, incompetent and frustrated.

Thank you!

OP posts:
Thread gallery
5
Springroll89 · 30/05/2026 15:09

Thanks again @Tomikka

I'm so grateful for your help. I was about to walk into a MTD trap thinking I had a year or more before I had to worry about it!

AlwaysExtraHot · 29/07/2026 10:14

BorgQueen · 17/03/2026 18:59

Get a free business bank account that comes with free accounting software, we use Mettle/Freeagent.
Couldn’t be easiet, Freeagent links to your HMRC account and your business account - all you have to do then is add your paye income to your tax return, everything else is automatic, assuming expenses come out of the business account.
I do DH’s books, he’s a sole trader, freeagent is really, really easy to work with once it’s set up.
It will take all of 10 minutes every quarter to send in the return.

One of the rules is 'you must make at least one transaction a month from your Mettle account.' Does this mean you must pay out money at least once a month? Or does money received count? Apart from very rarely, I don't have outgoings from my business, just income.

caringcarer · 31/07/2026 15:12

I'm seriously pissed off. DH has spent last 4 days on and off reading up on this as I have several streams of income: btl houses, fostering allowance, annuity and Teachers Pension. He has been getting all of my income from btl property and expenses into spreadsheet even splitting up individual houses as he read that is what they want you to do, and this morning he went into my HMRC account to upload these 3 months from begining of April until end of June and it says I'm exempt from MTD. I have no idea why because gross turnover is in excess of £50k per annum. All this effort and now it's been unnecessarily. He usually does my self assessment for me over Xmas to NY break. I just wondered if this has happened to anyone else.

caringcarer · 31/07/2026 15:14

I meant gross turnover from btl is in excess of £50k.

spannasaurus · 31/07/2026 15:23

@caringcarer do you claim care relief ?

Automatic exemptions that last until April 2027
You do not need to use Making Tax Digital for Income Tax for the 2026 to 2027 tax year, if in your 2024 to 2025 tax return you:

  • claimed averaging relief (as a farmer, market gardener or someone who personally creates literary or artistic works) using the SA103 supplementary page as an individual
  • claimed qualifying care relief (such as, if you’re a foster carer or kinship carer)
  • included the SA107 supplementary page to report income from trusts or estates
  • included the SA109 supplementary page

Self Assessment: Self-employment (full) (SA103F)

Use supplementary pages SA103F to record self-employment income on your SA100 Tax Return if your annual turnover was above the VAT threshold for the tax year.

https://www.gov.uk/government/publications/self-assessment-self-employment-full-sa103f

caringcarer · 31/07/2026 16:02

ClashCityRocker · 16/03/2026 21:13

It's worth mentioning you can also use excel with an API add-on.

Often cheaper than software and for simple businesses, potentially more straightforward

This is what DH decided to do as it accommodates various streams of income better. Some software is just for BTL income.

caringcarer · 31/07/2026 16:06

spannasaurus · 31/07/2026 15:23

@caringcarer do you claim care relief ?

Automatic exemptions that last until April 2027
You do not need to use Making Tax Digital for Income Tax for the 2026 to 2027 tax year, if in your 2024 to 2025 tax return you:

  • claimed averaging relief (as a farmer, market gardener or someone who personally creates literary or artistic works) using the SA103 supplementary page as an individual
  • claimed qualifying care relief (such as, if you’re a foster carer or kinship carer)
  • included the SA107 supplementary page to report income from trusts or estates
  • included the SA109 supplementary page

I do get a fostering allowance but I still thought as have btl portfolio which generates over £60k I'd have to do it. I have annuities and Teachers Pension too but it's the BTL income I thought I'd have to do MTD. It must be fostering care relief makes me exempt then. That means DH will be exempt too then. He's busy doing his MTD ATM. He kindly did mine first. He said he'd stay up late to get his in on time but maybe won't have to. A nice perk for fostering.

New posts on this thread. Refresh page