DAJ Bookkeeping and Admin Services

Who needs to use Making Tax Digital for Income Tax
You need to use Making Tax Digital for Income Tax if all of the following apply:

you’re a sole trader or a landlord registered for Self Assessment
you get income from self-employment or property, or both
your qualifying income is more than the relevant threshold for the tax year — work out your qualifying income
When you need to start using Making Tax Digital for Income Tax depends on your qualifying income within a tax year. If your qualifying income is over:

£50,000 for the 2024 to 2025 tax year, you should’ve started using Making Tax Digital for Income Tax from 6 April 2026 — you can still sign up or sign up your client, if you have not already done so
£30,000 for the 2025 to 2026 tax year, you will need to use it from 6 April 2027
£20,000 for the 2026 to 2027 tax year, you will need to use it from 6 April 2028

Minimum Wage rates from 6th April 2026

National Insurance contribution (NIC) rates will be cut by 1.25 percentage points for employees, employers and the self-employed, effectively reversing the uplift introduced in April 2022 for the rest of the tax year. This cut will take effect from 6‌‌‌ ‌‌November 2022 and it will cover Class 1 (both employee and employer), Class 1A , Class 1B and Class 4 (self-employed) NICs

We have launched a new website so you can see what government support is available to help with the cost of living.

See what support you could be eligible for:
https://www.gov.uk/costoflivingsupport