Digital record-keeping notice for Making Tax Digital for Income Tax
This notice sets out how a relevant person should keep their digital records for Making Tax Digital for Income Tax and what a digital record must include.
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From April 2026, Making Tax Digital (MTD) for Income Tax, will apply to relevant persons (unincorporated businesses and landlords) with business or property income, or both, over 拢50,000. It will apply to those with income over 拢30,000 from April 2027.
, as amended by 皇冠体育app Income Tax (Digital Requirements) (Amendment) Regulations 2024, set out the requirements with which relevant persons must comply under聽Making Tax Digital聽for Income Tax. 皇冠体育appse include requirements to use software compatible with Making Tax Digital for Income Tax to create digital records of their business income and expenses.
This digital record-keeping notice sets out the requirements for how specific customer groups can comply with the record-keeping obligations. 皇冠体育appse are:
- joint property-owners
- customers with turnover below the VAT registration threshold
- retailers