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How HMRC is moving to a new phase. How it may affect and whst you can do to get ahead of any potential issues.

(2 Posts)
DaisyAnneReturns Sat 23-May-26 10:08:18

www.youtube.com/watch?v=mPdidNGiDRw

HMRC are moving into a new phase - more data, more platform reporting, and Making Tax Digital landing in April 2026 for a lot of sole traders, self-employed people and landlords. That means ordinary people will start getting brown envelopes that look scary.

In this video:
-Why 2026 is a “watershed” year for HMRC
-How HMRC’s tech (Connect, data matching, platform reporting, even social media) is making it harder to “fly under the radar”
-The groups most at risk: online sellers, landlords, freelancers/side hustles, crypto traders, people with overseas income
-Why most letters are “fishing” — and how to stop a fishing expedition becoming a bill
-What MTD (Making Tax Digital) in April 2026 actually means for you — and why the real money is in penalties
-The simple protection plan: records, tax efficiency, and responding strategically
-When to bring in an accountant so you don’t over-pay

Whitewavemark2 Sat 23-May-26 10:56:01

Yes I have colleagues been working on this for what’s seems for ever.