taxoverhaul on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/taxoverhaul/Recent content in taxoverhaul on Birmingham DailyHugo -- gohugo.ioen-usMon, 06 Apr 2026 05:37:54 +0000HMRC Issues Final Warning as New Digital Tax Rules Take Effect Todayhttps://birminghamdaily.co.uk/hmrc-issues-final-warning-as-new-digital-tax-rules-take-effect-today/Mon, 06 Apr 2026 05:37:54 +0000https://birminghamdaily.co.uk/hmrc-issues-final-warning-as-new-digital-tax-rules-take-effect-today/HM Revenue and Customs (HMRC) has issued a final warning as its major tax system overhaul comes into force today, April 6. The introduction of Making Tax Digital (MTD) for Income Tax marks the biggest change to tax filing since the Self Assessment system started over 30 years ago. From today, individuals with combined turnover from self-employment and property exceeding £50,000 must comply with MTD requirements. HMRC has urged taxpayers not to delay, stating: “Don’t leave it to the last minute – sign up now and get set up with recognised software.