Making Tax Digital for Income Tax officially came into effect on 6 April 2026, marking a major shift in how self-employed people and landlords report their income to HMRC.
Who’s affected now:
If your gross income from self-employment or property was more than £50,000 in the 2024/25 tax year, you’re now mandated into MTD.
What’s changing:
- Digital records of income and expenses must be kept in HMRC-recognised software
- Quarterly updates are sent to HMRC every three months, replacing the single annual Self Assessment return
- The year finishes with a Final Declaration instead of the old tax return
What’s coming next:
- The £30,000 threshold takes effect from 6 April 2027
- The £20,000 threshold follows from 6 April 2028
Get ahead of it:
If you think you’ll be affected, now or in the next phases, please get in touch. We can help you choose the right software, get your digital records set up, and stay compliant without stress.