If you have income of £20,000 or more from property or self-employment, you will be legally required to use Making Tax Digital from April 2026 (£50,000 or above) and April 2027 (£30,000 or above) and April 2028 (£20,000 or above).
This means you will need to use software to submit your tax returns, from the dates above depending on your earnings. I can help you understand the things you will need to do, including:
– using Making Tax Digital for Income Tax Self-Assessment compatible software,
– keeping digital records through the year, and
– sending simple quarterly updates to HMRC.
Anyone can sign up for MTD from April 2025, to ensure that they are ready to go ahead of the legal requirements. If you would like to discuss your MTD obligations and how we can help, get in touch today.
Are you ready for MTD for Income Tax?
