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Do you need to worry about Making Tax Digital? The This is Money podcast

7 August 2026
2 min read
By MoneyMail

Originally from MoneyMail. Read the original article on the publisher’s site.

Has tax just got a little more taxing? Making Tax Digital has come in, meaning hundreds of thousands of people need to make their first quarterly report to HMRC this week - and during the summer holidays to boot.

Georgie Frost, Simon Lambert and Lee Boyce cover what you need to know about the changes and whether it's a good move.

How easy is it to find the right software, will it help reduce the 'tax gap' and who will need to start using it?

A retirement giant has warned the Government's inheritance tax raid on pensions next year will undermine faith in saving long-term for later life.

Should people be worried about the changes or keep calm and carry on with their pension contributions?

This week, a Premium Bonds £1million winner scooped the top prize with a bond bought only six months ago.

Is that unusual? Or do many people win the seven-figure sum quickly? Lee reveals all.

Heading off on summer holidays? We give a reminder about the dos and don'ts when it comes to spending overseas… and what does the actor Will Ferrell have to do with it?