Making Tax Digital for Income Tax: Are You Ready?

3rd of June, 2026

Making Tax Digital for Income Tax: Are You Ready?

The Future of Tax Reporting Has Arrived

Making Tax Digital (MTD) for Income Tax is now being introduced by HMRC, representing one of the most significant changes to the UK tax system in recent years.

From April 2026, self-employed individuals and landlords with qualifying income exceeding £50,000 will be required to maintain digital records and submit regular updates to HMRC using compatible software.

The programme will expand further:

April 2026: Income above £50,000
April 2027: Income above £30,000
April 2028: Income above £20,000

What Does This Mean for You?

Under MTD, affected taxpayers must:

✔ Keep digital business records
✔ Use HMRC-compatible software
✔ Submit quarterly updates to HMRC
✔ Complete an end-of-year final declaration

Why Act Now?

Preparing early can help you:

Avoid compliance issues and potential penalties
Improve the accuracy of your financial records
Gain better visibility of your business performance
Make tax reporting more efficient and less stressful

How We Can Help

Our experienced team can guide you through every stage of the transition to Making Tax Digital. From selecting suitable software to managing your ongoing compliance obligations, we're here to ensure the process is smooth and straightforward.

Need advice on Making Tax Digital?