Do you have self-employed or property income? If yes, then from 6 April 2026 you may need to submit quarterly returns to HMRC under the Making Tax Digital for Income Tax initiative.
✅ Will this apply to me?
Phase 1 will initially apply to sole traders and landlords with total income from self-employment and property of over £50,000 (before expenses or taxes are deducted) in the 2024/25 tax year.
Phase 2 will apply to the 2025/26 tax year, and the income threshold reduces to £30,000.
From April 2025, HMRC will be writing to you to let you know that you may need to use Making Tax Digital for Income Tax.
📌 What does this mean for you?
- You will need to be signed up for Making Tax Digital for Income Tax by April 2026 if you are in Phase 1 above (Phase 2 from April 2027).
- Starting from 6 April 2026, instead of submitting just one annual self-assessment tax return, you will need to submit a return quarterly.
- You will need to maintain your accounting records digitally.
- Submissions to HMRC will now need to be done via MTD-compliant software.
🤝 How can we help?
At Jupps Accountants, we are here to support you through this transition. We can assist you with:
- Signing up for Making Tax Digital for Income Tax – we can start this process from April 2025.
- Choosing and setting up MTD-compliant software.
- Digitising your records and ensuring they meet HMRC’s requirements.
- Providing guidance and training to help you adapt to these changes with ease.
📩 Reach out if you have any questions about how MTD affects you and how we can help.