If you’re self-employed or a landlord with turnover above £50,000, you may now be required to submit your first quarterly update under Making Tax Digital (MTD) for Income Tax.
Many people in this position have either not yet registered for MTD or are unsure what they need to do. If that’s you, it’s important to act quickly.
Who Does This Affect?
From April 2026, Making Tax Digital for Income Tax is mandatory for anyone who is:
- Self-employed, and/or
- Receives rental income
and whose combined turnover from self-employment and property exceeds £50,000.
If this applies to you, you must now keep digital records and submit regular updates to HMRC instead of just filing a Self Assessment tax return once a year.
What Do You Need to Do?
Under MTD for Income Tax, you are required to:
- Register for Making Tax Digital with HMRC
- Keep your business records digitally
- Submit quarterly updates throughout the year
- Submit a final declaration at the end of the tax year
The first quarterly updates are due very soon for many people. Missing these deadlines can result in future penalties.
Time Is Running Out
If you haven’t registered for MTD yet, or you’re behind with your quarterly updates, you need to get this sorted as a matter of urgency. The longer you leave it, the greater the risk of penalties from HMRC.
How I Can Help
I can help you get compliant with MTD for Income Tax quickly and correctly. I offer a straightforward service that includes:
- Registering you for MTD
- Setting up suitable digital record-keeping software
- Preparing and submitting your quarterly updates
- Completing your final declaration
I provide this as a fixed-fee service, so you know exactly what you’ll pay each quarter with no hidden surprises.
Don’t Leave It Any Longer
If your first MTD quarterly update is due (or already overdue), the sooner you take action, the better. Contact me today and I’ll help you get everything in order before penalties start to apply.