About this episode

This episode discusses the upcoming changes to income tax regulations under Making Tax Digital and how it affects self-employed clinicians.

Andy Pow hosts this week's podcast with Forvis Mazars healthcare accountants Dawn Laird and Lee Simmonett to explain Making Tax Digital (MTD) for income tax, described as the biggest change since the 1990s and arriving in 2026, with around three-quarters of affected taxpayers not registered. MTD currently applies mainly to self-employed clinicians such as GP locums (and some consultants with self-employed private practice) and to property income; it does not directly affect partnerships or limited companies. The trigger is cumulative income over £50,000 (before expenses), including combined self-employment and rental income, with thresholds falling to £30,000 then £20,000. Recipients must register separately (not auto-enrolled). Quarterly submissions start with the first due 7 August, plus a final declaration; tax payment dates remain January and July. Spreadsheets require bridging software; digital tools like Xero are recommended. Penalties begin next year: one point per missed quarterly submission, £200 at four points, lasting 24 months. 00:00 MTD Shockwave 2026 01:23 Who Must Comply 02:37 Income Thresholds Explained 05:15 Registering With HMRC 06:35 Quarterly Deadlines 07:10…

People in this episode

Host: Andy Pow

Guests: Dawn Laird, Lee Simmonett

Topics covered

• Making Tax Digital
• income tax
• self-employed clinicians
• tax compliance
• financial tips for doctors

Keywords

• Making Tax Digital
• income tax
• self-employed
• HMRC
• tax compliance
• financial tips
• penalties
• quarterly submissions

Mentioned in this episode

Organizations: Forvis Mazars, HMRC

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