MTD for Income Tax became mandatory on 6 April 2026 for those earning over £50,000.
After years of delays, HMRC has finally launched Making Tax Digital (MTD) for Income Tax.
Who is affected?
- Sole traders
- Landlords with qualifying income over £50,000.
What you must do
- Keep digital records
- Use MTD‑compatible software
- Submit quarterly updates
- First update deadline: 7 August 2026
Why this matters
MTD aims to:
- Reduce errors
- Improve tax accuracy
- Modernise reporting
Final thought
If you fall within the threshold, now is the time to get compliant software choice is crucial.