Latest news with #MTD
Yahoo
18-07-2025
- Business
- Yahoo
Mettler-Toledo's Quarterly Earnings Preview: What You Need to Know
Columbus, Ohio-based Mettler-Toledo International Inc. (MTD) manufactures and supplies precision instruments and services in the Americas and internationally. With a market cap of $24.6 billion, the company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other Operations. MTD is scheduled to report its Q2 earnings on Thursday, July 31, after the market closes. Ahead of this event, analysts expect the company to report a profit of $9.58 per share, down marginally from $9.65 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters, which is impressive. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 Robinhood Keeps Hitting New Highs. How Should You Play HOOD Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect MTD to report an EPS of $41.55, up 1.1% year over year from $41.11 in fiscal 2024. Moreover, in FY2026, the company's EPS is expected to rise 10.9% annually to $46.08. MTD stock has declined 12.5% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 12.7% gain and the Health Care Select Sector SPDR Fund's (XLV) 11.8% decline over the same time frame. On May 1, MTD stock declined 1.3% following the release of its Q1 earnings. The company reported revenue of $883.7 million for the period, surpassing Street forecasts. Moreover, its adjusted EPS came in at $8.19, surpassing the consensus estimates by 3.7%. Looking ahead, MTD expects its EPS to range from $9.45 to $9.70 for the quarter that ended in June. Wall Street analysts are moderately bullish about MTD's stock, with a "Moderate Buy" rating overall. Among 12 analysts covering the stock, five suggest a 'Strong Buy' and seven recommend a 'Hold.' MTD's average analyst price target of $1,300.82 indicates a potential upside of 7.9% from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Wales Online
10-07-2025
- Business
- Wales Online
HMRC warning as new tax change set to hit almost a million people
HMRC warning as new tax change set to hit almost a million people It will affect sole traders and landlords HMRC estimates around 780,000 self-employed individuals and landlords will be required to use MTD for Income Tax from April 2026 (Image: Getty ) HM Revenue and Customs (HMRC) has announced a major change. From April 6, 2026, sole traders and landlords earning over £50,000 will be required to use 'making tax digital' (MTD) for income tax. This move towards digital record-keeping and income reporting is expected to save individuals a considerable amount of time, officials say. The Government says this will enable them to focus more on their business operations, thus driving economic growth as part of its 'plan for change'. HMRC estimates that around 780,000 self-employed people and landlords will need to use MTD for income tax from April 2026, with an additional 970,000 joining from April 2027. They say the introduction of quarterly updates will spread the workload more evenly throughout the year, bring the tax system closer to real-time reporting, and help businesses manage their finances more effectively, avoiding a last-minute rush. HMRC is urging eligible customers to sign up for a testing programme on and start preparations straight away. Agents can also register their clients via Exchequer secretary to the treasury, James Murray MP, said: "MTD for Income Tax is an essential part of our plan to transform the UK's tax system into one that supports economic growth. "By modernising how people manage their tax, we're helping businesses work more efficiently and productively while ensuring everyone pays their fair share. Article continues below "This is a crucial step in this government's decade of national renewal and our Plan for Change, as we clear away barriers that hold back growth." Set to come into force from April 2026, MTD will force individuals earning above £50,000 from relevant sources to keep records digitally, use MTD-compatible software, and submit quarterly updates to HMRC, Liverpool Echo reports. The transition to digital aims at enhancing efficiency in maintaining records, reducing the margin of error in tax calculations, and providing a clearer ongoing picture of tax obligations. Qualifying income includes gross earnings from self-employment and property before any tax allowances or expenses are deducted. From April 2027, individuals with a qualifying income over £30,000 will be required to use Making Tax Digital (MTD) for Income Tax. This threshold will then decrease to £20,000 starting from April 2028. The phased introduction of MTD for Income Tax follows the successful launch of MTD for VAT, which currently assists over two million businesses in reducing errors and saving time on their tax affairs. Businesses that took part in the MTD for VAT pilot phase were better prepared for the shift to quarterly reporting, officials say. An independent study conducted in 2021 found that 69 per cent of obligated businesses gained at least one benefit from MTD for VAT, while 67 per cent reported a decrease in potential record-keeping errors. HMRC's director of making tax digital, Craig Ogilvie, added: "MTD for Income Tax is the most significant change to the Self Assessment regime since its introduction in 1997. "It will make it easier for self-employed people and landlords to stay on top of their tax affairs and help ensure they pay the right amount of tax. "By signing up to our testing programme now, self-employed people and landlords will be able to familiarise themselves with the new process and access dedicated support from our MTD customer support team, before it becomes compulsory next year." Article continues below
Daily Mirror
10-07-2025
- Business
- Daily Mirror
HMRC to make new changes to income tax from April next year
Making Tax Digital for Income Tax will be introduced in April 2026 - with sole traders and landlords with an income over £50,000 required to keep digital records With less than a year to go, sole traders and landlords earning over £50,000 will be required to use the new Making Tax Digital (MTD) for Income Tax from April 6, 2026. This significant change towards digital record-keeping and income reporting to HM Revenue and Customs (HMRC) is set to save these people considerable time. By maintaining digital records throughout the year, sole traders and landlords can save precious hours previously spent collating information at tax return time, the Government claims. This allows them to dedicate more time to their business activities, thereby driving economic growth as part of the 'Plan for Change'. HMRC estimates that approximately 780,000 self-employed people and landlords will be required to use MTD for Income Tax from April 2026, with an additional 970,000 joining from April 2027. The introduction of quarterly updates will distribute the workload more evenly throughout the year, bringing the tax system closer to real-time reporting. This will assist businesses in managing their finances more effectively and avoid the last-minute rush. HMRC is encouraging eligible customers to sign up for a testing programme on and start preparing now. Agents can also register their clients via James Murray MP, the Exchequer Secretary to the Treasury, said: "MTD for Income Tax is an essential part of our plan to transform the UK's tax system into one that supports economic growth. By modernising how people manage their tax, we're helping businesses work more efficiently and productively while ensuring everyone pays their fair share. "This is a crucial step in this government's decade of national renewal and our Plan for Change, as we clear away barriers that hold back growth." Craig Ogilvie, HMRC's Director of Making Tax Digital, said: "MTD for Income Tax is the most significant change to the Self Assessment regime since its introduction in 1997. It will make it easier for self-employed people and landlords to stay on top of their tax affairs and help ensure they pay the right amount of tax. "By signing up to our testing programme now, self-employed people and landlords will be able to familiarise themselves with the new process and access dedicated support from our MTD Customer Support Team, before it becomes compulsory next year." Come April 2026, individuals whose qualifying income exceeds £50,000 will need to maintain digital records, employ MTD-compatible software, and submit quarterly financial summaries to HMRC, reports the Daily Record. The Government says these digital requirements will help businesses save time through more efficient record-keeping, reduce errors in tax calculations, and provide a clearer picture of their tax obligations throughout the year. Qualifying income includes gross income from self-employment and property before any tax allowances or expenses are deducted. Those with qualifying income above £30,000 will also be required to use MTD for Income Tax from April 2027. The threshold will then decrease to £20,000 from April 2028. The phased introduction of MTD for Income Tax follows the successful implementation of MTD for VAT, which now helps more than two million businesses reduce errors and save time on their tax affairs. Businesses which joined the MTD for VAT testing phase were better prepared for the move to quarterly reporting. An independent report published in 2021 found that 69 per cent of mandated businesses experienced at least one benefit from MTD for VAT, while 67 per cent reported that it reduced the potential for mistakes in their record keeping.
Daily Record
08-07-2025
- Business
- Daily Record
HMRC confirms new income tax change starts next April
The launch on April 6, 2026 will mark a significant and time-saving change for certain people in how to report income to HMRC. Income tax rises for Scots in April - how the changes affect you here is less than a year to go until sole traders and landlords with an income over £50,000 will be required to use Making Tax Digital (MTD) for Income Tax. The launch on April 6, 2026 marks a significant and ultimately time-saving change in how these individuals will need to keep digital records and report their income to HM Revenue and Customs (HMRC). By keeping digital records throughout the year, sole traders and landlords can save hours previously spent gathering information at tax return time - allowing them to spend more time focusing on their business activities and in turn, driving economic growth as part of our Plan for Change. HMRc estimates around 780,000 self-employed individuals and landlords will be required to use MTD for Income Tax from April 2026, with a further 970,000 joining from April 2027 Quarterly updates will spread the workload more evenly throughout the year, bring the tax system closer to real-time reporting and help businesses stay on top of their finances and avoid the last-minute rush. HMRC is urging eligible customers to sign up to a testing programme on and start preparing now. Agents can also register their clients via James Murray MP, Exchequer Secretary to the Treasury, said: "MTD for Income Tax is an essential part of our plan to transform the UK's tax system into one that supports economic growth. By modernising how people manage their tax, we're helping businesses work more efficiently and productively while ensuring everyone pays their fair share. 'This is a crucial step in this government's decade of national renewal and our Plan for Change, as we clear away barriers that hold back growth.' Craig Ogilvie, HMRC's Director of Making Tax Digital, said: "MTD for Income Tax is the most significant change to the Self Assessment regime since its introduction in 1997. It will make it easier for self-employed people and landlords to stay on top of their tax affairs and help ensure they pay the right amount of tax. "By signing up to our testing programme now, self-employed people and landlords will be able to familiarise themselves with the new process and access dedicated support from our MTD Customer Support Team, before it becomes compulsory next year.' From April 2026, individuals with qualifying income above £50,000 will need to keep digital records, use MTD-compatible software and submit quarterly summaries of their income and expenses to HMRC. These digital requirements will help businesses save time through more efficient record-keeping, reduce errors in tax calculations, and provide a clearer picture of their tax obligations throughout the year. Qualifying income includes gross income from self-employment and property before any tax allowances or expenses are deducted. Those with qualifying income above £30,000 will also be required to use MTD for Income Tax from April 2027. The threshold will then decrease to £20,000 from April 2028. The phased introduction of MTD for Income Tax follows the successful implementation of MTD for VAT, which now helps more than two million businesses reduce errors and save time on their tax affairs. Businesses which joined the MTD for VAT testing phase were better prepared for the move to quarterly reporting. An independent report published in 2021 found that 69 per cent of mandated businesses experienced at least one benefit from MTD for VAT, while 67per cent reported that it reduced the potential for mistakes in their record keeping.
The Sun
04-07-2025
- Business
- The Sun
MTD kicks off two projects in Malacca
AYER KEROH: MTD Properties Sdn Bhd is set to develop two property projects here, comprising residential and industrial units, with phased construction expected to begin this year. MTD group CEO Reime Rizal Abd Aziz stated that the projects – to be developed in Taman Tasik Utama, Ayer Keroh – are the MTD Nexus 28 Industrial Park, slated for launch in August, and MTD Elysia Heights in October. 'The development of MTD Nexus 28 Industrial Park will be a modern industrial estate equipped with smart systems and solar PV panel installations to support sustainability. The project will involve 87 industrial units or factory lots, primarily targeting the small and medium enterprise sector. 'Meanwhile, MTD Elysia Heights is a residential development comprising 197 units designed with a contemporary concept – offering stylish living, comfort, and long-term value to buyers who prioritise quality of life in a strategic location. The development will complement the overall township plan for Taman Tasik Utama,' he told Bernama. Reime Rizal said the two property projects will span approximately 8.89ha, with each expected to be completed within two years of commencement. In terms of pricing, the industrial units at MTD Nexus 28 Industrial Park will start from RM650,000 per unit, while the residential units at MTD Elysia Heights will be priced from RM430,000 each.
