02/07/2026
MTD FOR INCOME TAX: 7 AUGUST DEADLINE IS NEAR
Making Tax Digital (MTD) for Income Tax is now live. Most self-employed individuals and landlords who had turnover above Β£50,000 in 2024/25 were mandated into the regime from 6 April 2026.
Under MTD, you must keep digital records and submit updates to HMRC every quarter using compatible software. This is a significant change from the old system, where most reporting took place after the end of the tax year.
The first quarterly update for 2026/27 is due by 7 August 2026.
This deadline is approaching quickly, and it is important that records are complete and up to date well before then.
If we maintain your bookkeeping or prepare your submissions, you will need to send us your records in good time. Leaving this until the last minute creates unnecessary risk and may lead to delays or errors.
If you are unsure what information we need, or whether MTD applies to you, please get in touch as soon as possible.
