MTD hits home

HMRC recently confirmed that around 900,000 extra landlords and freelancers earning over £20,000 will be swept into the Making Tax Digital initiative from April 2028. It had already been confirmed that those with property or self-employment income over £50,000 would join from April 2026, while those earning £30,000 or more would join from April 2027. An HMRC spokesman said: "Making Tax Digital is designed to reduce time spent on record-keeping and tax administration, giving self-employed taxpayers more time to grow their business." But experts say MTD leads to increased costs and a higher chance of error.