Prepare now for Making Tax Digital (MTD) for Income Tax
If you receive qualifying income from self-employment and/or property, you’ll be legally required to use Making Tax Digital (MTD) for Income Tax – based on the level of qualifying income – from the following dates:
- April 2026, if your qualifying income is over £50,000 in the 2024 to 2025 tax year
- April 2027, if your qualifying income is over £30,000 in the 2025 to 2026 tax year
- April 2028, if your qualifying income is over £20,000 in the 2026 to 2027 tax year (the government has set out plans to introduce legislation to lower the qualifying income threshold to this level)
How to get ready for MTD for Income Tax if you’re a sole trader or landlord without an accountant or bookkeeper
You can register for this webinar, aimed at sole traders or landlords without an accountant or bookkeeper, for up to date information to help you get ready for MTD for Income Tax. We’ll look at:
- planning for MTD for Income Tax – understanding the rules and work out if you are affected and when
- how to prepare for MTD for Income Tax, including what you need to do
- the actions you will take and signing up to MTD for Income Tax
- using MTD for Income Tax – following the rules and consider how you can utilise any benefits and opportunities
An overview of the new penalties for Making Tax Digital for Income Tax (sole traders and landlords)
To help you understand more about the changes to penalties register for this webinar.
HMRC began contacting agents, businesses and landlords about this from April 2025.
Once you start using MTD for Income Tax, there will be changes to penalties that you would receive if you pay or submit late, this is referred to as the ‘new penalties’.