If you're a sole trader or landlord, you can sign up (voluntarily) for Making Tax Digital for Income Tax.
What Making Tax Digital for Income Tax is:
Making Tax Digital for Income Tax is a new way of reporting income and expenses if you’re a sole trader or landlord. You’ll need to:
use software that works with Making Tax Digital for Income Tax
keep digital records of your business income and expenses
send us quarterly updates
submit a tax return and pay tax due by 31 January the following year
Who should sign up and when:
Making Tax Digital for Income Tax is currently voluntary. From 6 April 2026, it will become mandatory in phases based on your total annual income from self-employment or property.
Comments