Boxed Accounting

You’ve probably heard the phrase “Making Tax Digital” (MTD) floating around — but what actually is it? 👀

Starting from April 2026, HMRC is rolling out MTD for Income Tax.

If you’re self-employed or a landlord earning over £50,000, you’ll need to:
• Keep your business records digitally 📱
• Send quarterly updates to HMRC
• File your year-end tax return through MTD-compatible software

Those earning £30k+ will join in 2027, and £20k+ planned for roll-out in 2028.

Popular software like Xero, QuickBooks, and FreeAgent already meet the new MTD rules — some banks even offer FreeAgent free with your account 💡

The best move? Get your systems digital now so you’re ready before the rush.

Contact us at www.boxedaccounting.com for your free consultation.

📢 Attention Self-Assessment Clients: Tax Year End Approaching! 📢

The 2024/25 tax year is ending soon on 5 April! If you’re planning any major business purchases or asset investments, spending before 5 April rather than after can reduce your taxable profits and lower your tax bill.

Make the most of available allowances and reliefs before the deadline. If you need advice on tax-efficient spending, get in touch now!

📅 Don’t wait—plan ahead to optimise your tax position.