HMRC ramps up MTD for Income Tax communications

With seven months to go until over 800,000 landlords and self employed will have to file quarterly updates with HMRC for Making Tax Digital (MTD) for Income Tax, Craig Ogilvie, director of MTD at HMRC, explains how to comply with the new rules

 

If you're a self-employed worker – whether you’re a consultant, solicitor, or otherwise – Making Tax Digital (MTD) for Income Tax is a major change that will build on the digital tools you likely already use. It’s the biggest transformation since self assessment launched in 1997 and I believe this change will make your life easier.

What’s changing

 From April 2026, if your turnover is above £50,000 from self employment and property income combined, you will need to use MTD-compatible software to keep digital records for sending HMRC quarterly updates and your tax returns.

Those with turnover above £30,000 will follow from April 2027 and with turnover above £20,000, in April 2028.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe