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Interest in UK digital tax rules spikes ahead of 2026 deadline

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Open Questions

5 questions
What specific software or tools will be required or recommended for the digital record-keeping under Making Tax Digital?
How exactly will the quarterly updates be submitted and what data will they require?
What penalties or enforcement mechanisms will HMRC implement for non-compliance with the new digital reporting rules?
What specific allowances and reliefs are most critical for taxpayers to understand before the 5 April deadline to reduce their tax bill?
How many additional people are expected to be affected when the income threshold drops to £30,000 in 2027 and £20,000 in 2028?
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