Manchester Accountants Dunhams News Blogs - Hidden MTD news in Spring Statement documents

Hidden MTD news in Spring Statement documents



Posted on: 03-04-2025

Hidden MTD news in Spring Statement documents

Chancellor Rachel Reeves kept her pledge that there would be no more tax rises at the Spring Statement, but there are some important Making Tax Digital developments hidden away in the tax related documents. What do you need to know?

Hidden MTD news in Spring Statement documents - Manchester Accountants Dunhams News Blogs

The timetable for Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) includes mandating sole traders and landlords with revenue exceeding £50,000 from April 2026, then £30,000 the following year. The government has published a technical note alongside the Spring Statement documents that provide further details on the measures. The note includes the following key points:

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Hidden MTD news in Spring Statement documents - Manchester Accountants Dunhams News Blogs

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There is still no certainty of if and/or when taxpayers with income below £20,000 will be brought within MTD ITSA. The note simply says “As part of the ongoing rollout of MTD, the government will continue to explore how we can best bring the benefits of digitalisation to a greater proportion of the 4 million sole traders and landlords who have income below the £20,000 threshold.”

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