Two significant changes will take place from April 2026: Making Tax Digital for Income Tax (MTD IT) and mandatory payrolling of benefits in kind.
While April 2026 is over a year away, these changes will require a lot of planning including how workflows and information flows will need to change. MTD IT will require many individuals to keep digital records and send quarterly updates to HMRC, while mandatory payrolling of benefits in kind will see the end of the form P11D process for many employers. In this episode we look at what taxpayers and their agents can do in the coming months to prepare.
You can read the full transcript of this episode here.
Ed Adams
Episode first published: 7 January 2025
Podcast recorded: 17 December 2024
All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.
