Reminder: MTD for Income Tax first deadline is approaching
As we’ve mentioned before, Making Tax Digital (MTD) for Income Tax is now live. Most self-employed individuals and landlords who had turnover above £50,000 in 2024/25 were mandated into the regime from 6 April 2026.
Under MTD, you must keep digital records and submit updates to HMRC every quarter using compatible software. This is a significant change from the old system, where most reporting took place after the end of the tax year.
The first quarterly update for 2026/27 is due by 7 August 2026.
This deadline is approaching quickly, and it’s important that records are complete and up to date well before then.
We strongly suggest getting your records up to date in good time! Leaving it until the last minute creates unnecessary risk, pressure and may lead to delays or errors.
If you’re a client and are unsure or have any questions, please get in touch.
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