Source: HMRC
| If you get income from self-employment and/or property, you’ll legally need to use Making Tax Digital (MTD) for Income Tax from the following dates: |
| • April 2026, if your turnover is over £50,000 in the 2024 to 2025 tax year • April 2027, if your turnover is over £30,000 in the 2025 to 2026 tax year • April 2028, if your turnover is over £20,000 in the 2026 to 2027 tax year (the government has set out plans to introduce legislation to lower the qualifying income threshold to this level) |
| Getting ready for MTD |
| The following webinars will help you understand the necessary steps that landlords, joint property owners and business will need to take to prepare for MTD: |
| • for businesses, register here for our webinar ‘How to get ready for MTD if you are a business’ • if you receive income from property, register here for our webinar ‘Get ready for Making Tax Digital – landlords and joint property owners’ |
| During them, we’ll cover: |
| • the requirements of MTD for Income Tax • practical steps you can take to prepare your business • the rules, who will be affected and when • making informed software choices • authorising your agent, if applicable, and signing up to MTD • utilising any benefits and opportunities |
| How to get ready for MTD for Income Tax if you’re a sole trader or landlord without an accountant or bookkeeper |
| If you’re a sole trader or landlord without an accountant or bookkeeper, register for this webinar for the latest information about MTD, to help you get ready for when MTD for Income Tax which is now a legal requirement from April 2026 for those with a turnover of over £50,000. We’ll look at: |
| • planning for MTD for Income Tax – understanding the rules and work out if you’re affected and when • how to prepare for MTD for Income Tax, including what you need to do • the actions you will take and signing up for MTD for Income Tax • using MTD for Income Tax – following the rules and consider how you can utilise any benefits and opportunities |
| You’ll also find useful short videos, including ‘How do I sign up for Making Tax Digital for Income Tax‘ – available on HMRC’s YouTube channel. |