What’s Coming Next?

• From April 2026, individuals with income over £50,000 from self-employment and/or property rent will need to comply with MTD for Income Tax.

• Those with self-employment and/or rental income over £30,000 will be brought in from April 2027.

• Quarterly digital submissions and then a year-end digital tax return submission will replace the current annual Self-Assessment return for those affected.

HMRC has confirmed that this timeline is now fixed. The relevant systems are in place, and both the Government and the accountancy profession are in agreement: there will be no further delays.

 

Our Recommendations – and How We Can Help

If you haven’t yet started to prepare for MTD, here are a few steps we recommend:

• Software – If you’re still using spreadsheets or manual records, now is the time to move to MTD-compliant software. We can help you choose the most suitable provider and assist with setup and training.

• Bank Accounts – Keeping your business finances separate from your personal accounts will make the transition much easier, especially when linking transactions within the software.

• Early Onboarding – We are supporting clients who want to join HMRC’s pilot scheme for MTD for Income Tax. This allows for early testing and a smoother transition when the rules go live in 2026.

 

What You Should Do Now

Contact us to review your current setup and discuss the best plan for meeting MTD requirements.

We’re here to support you every step of the way.

.