PTA Alert: Old Excel Records May Breach HMRC Rules in 2026

Описание: Making Tax Digital 2026 explained: why old spreadsheets may breach HMRC rules and trigger penalties in the UK.

Making Tax Digital 2026 is transforming how UK taxpayers must keep and submit records. If you are still relying on old spreadsheets without compliant digital links, you could face HMRC fines.

This is not a minor update.
It is structural reform.

In this video, Pro Tax Accountant explains:

• Who must comply with Making Tax Digital in 2026
• Why standalone spreadsheets may fail HMRC requirements
• What “digital links” actually mean
• How quarterly reporting affects self-employed landlords
• The penalty framework for non-compliance

If you are:

– A self-employed individual
– A landlord with property income
– Planning property wealth transfer
– Managing capital gains disposals
– Filing Self Assessment close to tax return deadlines

You must understand how MTD changes your reporting obligations.

2026 Compliance Risks Covered

• Incorrect digital record keeping
• Missing quarterly submission deadlines
• Failure to maintain compatible software
• Capital gains reporting gaps after property sales
• Gifting or transferring property without proper digital audit trail

Many UK taxpayers think:
“My spreadsheet works fine.”

But HMRC requires functional compatibility, digital links and structured submission standards. Manual copy-and-paste processes may not meet compliance thresholds.

Small technical mistake.
Financial penalty.

Pro Tax Accountant also explains how MTD 2026 interacts with:

• Capital gains rules and 60-day property reporting
• Council Tax classification of rental property
• Beneficial ownership disclosures
• Penalty points system
• HMRC enquiry triggers

Ask yourself:
Is your accounting software MTD-compatible?
Are your digital records audit-ready?
Could non-compliance delay your tax return?

Comment your situation below if you are unsure whether your records meet 2026 standards.

Before HMRC penalties apply, speak to Pro Tax Accountant for a compliance review tailored to your business or property income.

WhatsApp/Phone: 07985689912
Email: [email protected]

Disclaimer
This video provides general information based on UK Making Tax Digital rules applicable in 2026. Compliance requirements, penalties and reporting obligations depend on individual circumstances. Professional advice should be obtained before acting.

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