Policy · 2h ago
55% of UK SMBs Unprepared for 2026 Digital Tax Deadline
HMRC's Making Tax Digital rules now apply to businesses earning over £50,000, yet 55% admit they aren't ready for the August 7, 2026 deadline. The mandate requires digital record-keeping and quarterly updates, with penalties for non-compliance. Many SMBs cite lack of awareness and software costs as barriers to adoption.
Meridian48 take
The high unpreparedness rate suggests HMRC's rollout timeline may be too aggressive, risking widespread non-compliance rather than digital transformation.
Read the full reporting
More than half of UK SMBs admit they're not ready for new digital tax deadline →
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