09/10/2026
Sole traders and landlords with a turnover of more than £30,000 will be required to use Making Tax Digital (MTD) for Income Tax from Tuesday 6 April 2027.
These people should start preparing now. They should check whether they meet the threshold, as turnover includes gross income from self-employment and property before any tax allowances or expenses are deducted.
They will need to create digital records and use compatible software to send HMRC quarterly updates of their income and expenses and to complete their tax return. The quarterly updates are not additional tax returns, but short summaries.
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