06/04/2026
Making Tax Digital is here — and it affects thousands of sole traders and landlords! 💻
From 6th April 2026, if your gross income from self-employment or property is over £50,000, the way you report to HMRC has changed.
Here's what's now required 👇
✅ Digital record-keeping using HMRC-compatible software
✅ Quarterly updates submitted to HMRC
✅ A final declaration by 31st January each year
📌 Key things to know:
🔹 It's based on gross income, not profit
🔹 Income between £30,000–£50,000? MTD applies to you from April 2027 — start preparing now
🔹 No penalty points for late quarterly updates in year one — but late payment penalties still apply
The right software makes this really straightforward — and it actually gives you a much clearer view of your finances all year round! 📊
Got questions? We would love to help 💛
📩 [email protected]
