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UK implements digital tax recordkeeping for high-earning self-employed, raising readiness concerns.
UK's "Making Tax Digital" (MTD) initiative, starting in April 2026, will require self-employed individuals and landlords earning over £50,000 annually to keep digital records and submit quarterly updates to HMRC.
Paul Hornby, managing director of JF Hornby & Co, warns of potential chaos due to low awareness and preparedness among those affected.
The scheme aims to modernize the tax system but has raised concerns about the readiness of sole traders to comply with the new requirements.
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El Reino Unido implementa el mantenimiento de registros fiscales digitales para los trabajadores autónomos de altos ingresos, lo que genera preocupaciones sobre la preparación.