MTD FOR
INCOME TAX
MTD FOR INCOME TAX HUB
Welcome to your MTD for Income Tax Hub - where we bring together all the information you need to prepare for the upcoming changes to your business.
IF YOU ARE A SOLE TRADER OR LANDLORD, YOU SHOULD START PREPARING FOR MAKING TAX DIGITAL FOR INCOME TAX NOW
MAKIG TAX DIGITAL (MTD) FOR INCOME TAX: EVERYTHING YOU NEED TO KNOW
Are you a Sole Trader or Landlord? If so, it's time to prepare for mandatory regulations that will affect your business.
What is MTD for Income Tax?
Making Tax Digital for Income Tax Self Assessment requires sole traders and landlords with qualifying income to maintain digital records and to submit quarterly updates to HMRC using compatible software.
What does it mean?
It means those affected must:
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Start using/make the switch to HMRC-recognised software
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Keep digital records
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Submit quarterly returns via the software
Who does it affect?
Initially, landlords and sole traders with business or property income over £50,000 but from 2027 it will also affect those with income over £30,000, and from 2028, £20,000.
When will I be affected?
Although the changes aren't yet mandatory, it is vital to prepare in advance as training and implementation of compatible software can take time.
The changes become mandatory:
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From April 2026, for those with qualifying income over £50,000
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From April 2027, for those with qualifying income over £30,000
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From April 2028, for those with qualifying income over £20,000
What should I do?
Talk to us for advice and about about signing up for MTD for Income Tax. The more time you spend getting used to new digital tools, the easier you’ll find the transition.
We are helping affected businesses in a variety of ways: