MTD for Income Tax changes and how to prepare What’s happening If you are a sole trader or landlord with gross income (before expenses and tax are deducted) from self-employment and property of more than £30,000, you will need to use MTD for Income Tax from the following dates from 6 April 2026, if your gross income from sole trader or landlord totals over £50,000 from 6 April 2027, if your gross income from sole trader or landlord totals over £30,000 Making Tax Digital for Income Tax helps you to: see an estimate of how much tax you owe understand your cash flow better make more informed financial decisions for your business reduce the risk of under or over paying tax HMRC will use your self assessment tax return for the period 2024-2025 which needs to be submitted on 31st January 2026 at the latest, to check if you need to use Making Tax Digital from 6 April 2026 using the criteria above NOW is the time to start preparing and lo...
