Get ready for Making Tax Digital for Income Tax
The first phase of MTD for Income Tax will be introduced in 2026. From 6 April 2026, sole traders and landlords with gross income (before expenses and tax are deducted) from self-employment and property over £50,000 will need to keep digital records and send quarterly updates to HMRC, using compatible software. Those with a gross income from these sources over £30,000 will need to do this from 6 April 2027.
Sole traders and landlords with gross income from self-employment and property over £20,000 will need to use MTD for Income Tax in the future. The timeline for this will be set out by the government in due course.
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