05/08/2026
If you are a sole trader, landlord or both, and your combined qualifying income from self-employment and property exceeded £50,000 in the 2024/25 tax year, this is your reminder.
It is your qualifying income that counts here, not your profit. If your total gross income from self-employment and property was over £50,000 in 2024/25, you should now be using Making Tax Digital for Income Tax.
For the 2026/27 tax year, the first quarterly period covers 6 April to 5 July, with the first update due to be submitted by 7 August 2026 using HMRC-compatible software.
There is a first-year easement, which means HMRC will not issue penalty points for late quarterly updates during 2026/27. However, the updates must still be submitted before the tax return can be completed, and the tax return for 2026/27 will be due by 31 January 2028.
If you are unsure whether MTD applies to you, or need help getting set up, speak to us.
www.davies-archytas.com | 01527 362070