27/04/2026
📢 ATTENTION: Sole Traders & Landlords! 📢
Did you know that over 500,000 UK taxpayers have still not signed up for Making Tax Digital (MTD) for Income Tax—despite the mandate starting earlier this month?
Recent HMRC data shows that while roughly 780,000 people were legally required to switch to the new digital system by April 6th, 2026, fewer than 3 in 10 have registered.
❓ Does this apply to you?
If your combined ‘qualifying income’ (gross self-employment and/or rental income) was over £50,000 in the 2024/25 tax year, you are now legally required to:
✅ Keep digital records of all your income and expenses.
✅ Use HMRC-compatible software to manage your accounts.
✅ Send quarterly updates to HMRC (the first one is due by 7th August 2026!).
⏳ Why you shouldn't wait
HMRC has introduced a 'soft landing' for the first year, meaning they won't issue penalty points for late quarterly updates immediately. However, you cannot submit your end-of-year declaration without being registered and having your software in place.
Waiting until the last minute often leads to software setup headaches and unnecessary stress.
🚀 What to do now:
1. Check your 2024/25 tax return: Was your gross income over £50,000?
2. Find compatible software: HMRC does not provide the software; you’ll need a third-party provider like Xero, QuickBooks, Sage, or a specialised bridging tool.
3. Register: Head over to the GOV.UK website to sign up for MTD for Income Tax.
Don’t be part of the 70% still waiting! Getting set up now means you can focus on your business rather than playing catch-up with the taxman.
👇 Have questions about the switch? Drop them in the comments below!
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