by Neesha Hallan | Nov 8, 2025 | Business Success, Making Tax Digital
HMRC has published long-awaited guidance on how digitally excluded individuals should apply for an exemption from Making Tax Digital (MTD) for Income Tax. Gaining HMRC’s agreement that a person is digitally excluded is essential. The MTD legislation defines digitally... by Neesha Hallan | Jun 27, 2025 | Business Success, Making Tax Digital
If you are a sole trader or landlord with combined turnover from trade and property exceeding £50,000 in 2024/25, you’re likely to be mandated into Making Tax Digital (MTD) from 6 April 2026. Individuals with lower income will be mandated at later dates. We have... by Neesha Hallan | Apr 8, 2025 | Making Tax Digital
The Spring Statement announced that the Making Tax Digital for Income Tax (MTD for IT) regime will be further extended to smaller businesses. Making Tax Digital for Income Tax (MTD for IT) is a government initiative that requires self-employed individuals and... by Neesha Hallan | Oct 10, 2024 | HMRC, Making Tax Digital, Tax, Technology
Although April 2026, which is when relevant taxpayers must sign up to file digitally, sounds a long time away, it will arrive sooner than you think, and you need to be ready for the changes to avoid the chance of a penalty. From April 2026, any self-employed person or... 
by admin | Dec 20, 2019 | Business Success, Cloud Accounting, Making Tax Digital, Tax
We, the Lotuswise Team, wish all our clients & friends a very Merry Christmas and a Happy New Year! Lotuswise Chartered Accountants and Business Consultants can help you and your business succeed. To find out how, please contact us. To also...