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1) What is “qualifying income”? This is the figure HMRC uses to decide if Making Tax Digital applies to you. Qualifying income means your total business income before expenses or tax. It includes: • Self-employment income • Rental (property) income It does NOT include: • PAYE wages • Dividends • Pensions • Savings interest Important for CIS workers: ⚠️If CIS is deducted, HMRC looks at your gross income before CIS deductions, not what you receive in your bank 2) What are the MTD thresholds? Makin
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