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HMRC tax change set to hit almost a million Brits on this date
HMRC is encouraging affected people to sign up online as soon as possible
The introduction of quarterly updates will distribute the workload more evenly across the year, bring the tax system closer to real-time reporting, and assist businesses in managing their finances more effectively, avoiding a last-minute rush. "This is a crucial step in this government's decade of national renewal and our Plan for Change, as we clear away barriers that hold back growth." With changes kicking in from April 2026, those earning above £50,000 with qualifying income must migrate to digital record-keeping, use MTD-compatible software and dispatch quarterly financial summaries to HMRC.
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