Money Box Live: Making Tax Digital Guide
Money Box
BBC
4.2 • 825 Ratings
🗓️ 29 April 2026
⏱️ 29 minutes
🧾️ Download transcript
Summary
Making Tax Digital for income tax is HMRC's biggest shake-up of self assessment for decades, but are you ready?
The new system will involve filing quarterly updates as well as a final return via third party software. This year it'll affect 860,000 sole traders and landlords with a turnover of £50,000. In the coming years the threshold will fall, bringing a total of nearly three million people into the new system.
Felicity Hannah is joined by Jonathan Athow, HMRC's director general for strategy and policy, to take listeners' questions about how it all works and what they need to do to prepare. We also hear from Emma Rawson, from the Association of Tax Technicians, a professional body for tax advisers.
Presenter: Felicity Hannah Producers: James Graham and Rob Cave Editor: Jess Quayle Senior News Editor: Henry Jones
(First broadcast 3pm Wednesday 1st April 2026)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | BBC Sounds, music, radio, podcasts. |
| 0:05.6 | Your time starts now. |
| 0:07.2 | You're about to listen to a BBC podcast. |
| 0:09.4 | Absolutely right. |
| 0:11.5 | So, you might like to know that the BBC makes loads of other podcasts. |
| 0:15.6 | Really? |
| 0:16.4 | Wow. |
| 0:17.2 | Many of them are very funny. |
| 0:19.1 | Which I think means... |
| 0:20.3 | A hatful of ha-hars. And energy. Even if we do very funny. Which I think means a hatful of ha ha haas. |
| 0:21.7 | And energy. |
| 0:42.5 | Even if you do say so ourselves. I agree 100% to that. Find them all on BBC Sounds. Just tell us a joke. Come on, tell us a joke. Tell us a joke. Come on, tell us a joke. Just search comedy on BBC Sounds. I'm really looking forward to getting stuck in. Hello, welcome to the new series of the Moneybox Live podcast, back to answer your questions about your money. |
| 0:48.0 | And our first topic is something you have been bombarding us with emails and voice notes about. |
| 0:51.8 | Today, we're bringing you our guide to making tax digital. |
| 0:55.2 | Soul traders, which include a huge variety of people from window cleaners to copyrighters, |
| 0:57.5 | as well as landlords, |
| 0:58.6 | will begin to report their income and expenses to HMRC |
| 1:01.7 | every three months instead of once a year. |
| 1:04.8 | It is a massive change, |
| 1:06.4 | and it's something a lot of you have questions about. |
| 1:08.9 | And we should say, |
| 1:09.7 | not everyone is calling it |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.