11/09/2026
MTD for Income Tax is now here! If you’re self-employed or a landlord, you’ll need to keep digital records and send updates to HMRC.
Sound scary? Don’t worry, it’s not as complicated as it sounds. ☺️
Who needs to act?
You’re affected if you:
✔ Are self-employed or a landlord
✔ Income over £50,000 (before expenses) in 2024/25
If this applies to you, now’s the time to get your records and software ready.
Big change: tax becomes year-round
No more once-a-year filing! Instead, you’ll send HMRC:
Instead, you’ll send HMRC:
✔ 4 quarterly updates
✔ 1 MTD tax return
You’ll still file your 2025/26 Self Assessment in January 2027 - just once.
Your first MTD deadlines
Keep these key dates in mind so you’re always ahead:
7 Aug 2026 – 1st update
7 Nov 2026 – 2nd update
31 Jan 2027 – Self Assessment
7 Feb 2027 – 3rd update
7 May 2027 – 4th update
31 Jan 2028 – MTD Tax Return
What you need to get ready: 💻📲
✔ Digital records (paper/spreadsheets won’t be enough)
✔ HMRC-recognised Coconut software to submit updates
Get in touch and I will help you with your first MTD 🙂
