MTD will apply to the Self-Employed and Landlords.
Making Tax Digital for Income Tax Self Assessment is HMRC’s new requirement for self-employed individuals and landlords to keep digital records and submit tax information quarterly using approved software.
From April 2026, if your combined income from self-employment and property exceeds £50,000, you must follow MTD rules. Those earning over £30,000 will join from April 2027. Instead of filing a single annual tax return, you’ll submit:
- Quarterly updates of income and expenses
- An End of Period Statement
- A Final Declaration to confirm overall income and allowances
The current regulations do not cover partnerships; MTD income tax is expected to be extended to partnerships in the future, but no date has been announced.
Now is the time to prepare for Making Tax Digital, if you would like further information on Making Tax Digital, please email me.