From April 2026, HMRC’s Making Tax Digital (MTD) for Income Tax – the biggest change to Income Tax reporting in more than 30 years – will begin rolling out. If you’re self‑employed or a landlord, now is the time to check when you’ll be affected and start preparing.
Who Must Join and When
- April 2026 – Income over £50,000
- April 2027– Income over £30,000
- April 2028 – Income over £20,000
What Will Change
You’ll need to:
- Keep digital records using HMRC‑recognised software
- Send quarterly updates summarising income and expenses
- Continue paying your tax by 31 January as usual
Quarterly updates aren’t tax returns – they simply break the year into smaller, easier chunks and help forecast your tax bill more accurately.
Why MTD Helps
- Reduces errors and last‑minute admin
- Keeps your records accurate and up to date
- Supports better business planning
- Gives clearer visibility of your future tax bill
Get Ahead Early
HMRC is inviting people to test the service now, giving you time to learn the new process and access dedicated support before it becomes mandatory.
Your Quick Readiness Checklist
- ✓ Confirm if you’re affected and your start date
- ✓ Choose compatible MTD software
- ✓ Speak to your accountant or tax agent
- ✓ Sign up for early testing
- ✓ Start keeping digital records
Where to Get Support
For practical guidance, visit the HMRC Making Tax Digital campaign page or speak to your accountant or tax agent. Preparing early will help you avoid last‑minute pressure and ensure you’re ready for the new digital tax era.
For more information about Northwood, visit our website at www.northwooduk.com/aberdeen-estate-agents/
