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Making Tax Digital (MTD) is the Government’s flagship initiative to modernise the UK tax system.
If you’re a sole trader or a landlord (partnerships are not included at this time), MTD for Income Tax Self-Assessment (ITSA) could soon apply to you.
From April 2026, if your turnover from your sole trader or property exceeds £50,000, you’ll need to comply with new digital reporting requirements.
The threshold reduces to £30,000 in 2027 and then to £20,000 in 2028 – so even if you are not affected yet, you soon could be.
HMRC are in the process of contacting affected taxpayers, but don’t wait for a letter to get ready.
Download our free guide and infographic to see exactly what’s changing and how to prepare:
Will you be affected by the next phase of MTD? Not sure what your next steps should be?
We are here to help you prepare early with expert advice and support.
Contact us today, and let’s work out your next steps together.
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