Making Tax Digital – important deadline dates
Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you are self-employed or a landlord earning over £50,000 you need to be prepared for digital record keeping including making quarterly updates and for a new penalty system. You will need to use MTD for IT if all of the following apply: You are a sole trader or landlord registered for self-assessment. You receive income from self-employment, property or both. When you must start using MTD for IT: If your qualifying income is over £50,000...