12/03/2026
๐จ ๐๐๐ค๐ข๐ง๐ ๐๐๐ฑ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐ข๐ฌ ๐๐จ๐ฆ๐ข๐ง๐ ๐ข๐ง ๐๐ฉ๐ซ๐ข๐ฅ 2026 โ ๐๐ง๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐ญ๐๐ฑ๐ฉ๐๐ฒ๐๐ซ๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐๐๐๐๐๐ญ๐๐.
This is one of the biggest changes to the UK tax system in decades, yet many self-employed individuals and landlords still arenโt aware of what it means for them.
๐๐จ ๐ก๐๐ซ๐โ๐ฌ ๐ ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง๐
๐๐ก๐จ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐๐๐๐๐๐ญ๐๐ ๐๐ข๐ซ๐ฌ๐ญ?
From 6 April 2026, Making Tax Digital for Income Tax will apply to:
โข Self-employed individuals
โข Landlords
If your combined income from self-employment and property is over ยฃ50,000, the new rules will apply to you.
๐๐ก๐ ๐ซ๐จ๐ฅ๐ฅ๐จ๐ฎ๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐ญ๐ก๐๐ง ๐๐ฑ๐ฉ๐๐ง๐:
โก๏ธ April 2027 โ income over ยฃ30,000
โก๏ธ April 2028 โ income over ยฃ20,000
๐๐ก๐๐ญโ๐ฌ ๐๐๐ญ๐ฎ๐๐ฅ๐ฅ๐ฒ ๐๐ก๐๐ง๐ ๐ข๐ง๐ ?
Currently, most people submit one Self Assessment tax return per year.
๐๐ง๐๐๐ซ ๐๐๐ค๐ข๐ง๐ ๐๐๐ฑ ๐๐ข๐ ๐ข๐ญ๐๐ฅ, ๐ญ๐ก๐๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ก๐๐ง๐ ๐ ๐ญ๐จ:
๐ Digital record keeping โ income and expenses must be recorded digitally using compatible software.
๐
Quarterly updates โ youโll submit updates to HMRC every 3 months instead of reporting everything once a year.
๐งพ Final end-of-year declaration โ confirming your income and allowances for the year.
๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ:
This doesnโt change how much tax you pay and you will still only pay it once a year โ it changes how and when you report it.
But it does mean better record keeping and more frequent reporting will be required.
๐๐ก๐๐ญ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ฒ๐จ๐ฎ ๐๐ ๐๐จ๐ข๐ง๐ ๐ง๐จ๐ฐ?
If you think this might affect you, itโs imperative that you act now:
โ Move away from paper records
โ Consider accounting software
โ Make sure your bookkeeping is up to date
โ Speak to your accountant about the transition
๐๐จ๐ฐ ๐ฐ๐ ๐ก๐๐ฅ๐ฉ ๐จ๐ฎ๐ซ ๐๐ฅ๐ข๐๐ง๐ญ๐ฌ ๐ฉ๐ซ๐๐ฉ๐๐ซ๐:
Weโre already helping clients get ready by:
โข Moving them onto MTD-compatible software
โข Setting up simple digital bookkeeping systems
โข Making sure everything remains fully compliant with HMRC
Our aim is simple: make the transition smooth and stress-free.
๐ฌ Are you prepared for Making Tax Digital?
If youโre unsure whether it will affect you, feel free to message us or comment below.
