Where next for Making Tax Digital in 2025?

Accountants, landlords and the self employed need to prepare for revolutionary new HMRC quarterly tax reporting requirements under extension of Making Tax Digital to income tax, explains Simon Read

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is now looming large and is set to transform tax reporting dramatically. These changes are particularly concerning for those accountants who have avoided investing sufficiently to meet these new digital and IT challenges or simply do not have the appetite or expertise to do so.

Accountants have faced a relentless barrage of changes in recent years, including self assessment, auto enrolment pensions, GDPR data protection rules, anti money laundering rules, real time information and now MTD.

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