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UK businesses warn of financial strain ahead of digital tax rules

City A.M. Tuesday, 29 April 2025 ()
UK businesses warn of financial strain ahead of digital tax rulesA majority of UK small business owners are concerned about the financial and operational pressures of HMRC’s upcoming ‘making tax digital‘ (MTD) reforms to income tax. MTD for income tax, set to take effect from April 2026, will require self-employed individuals and landlords earnings over £50,000 to maintain digital records and submit quarterly updates using [...]
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