Making Tax Digital for Income Tax: What Self-Employed and Landlords Need to Know
Discover what Making Tax Digital for Income Tax means for self-employed individuals and landlords, and how to get ready for the 2026 rollout.
Making Tax Digital for Income Tax: What Self-Employed and Landlords Need to Know
The UK government’s Making Tax Digital (MTD) initiative is transforming how individuals and businesses interact with HMRC. While MTD for VAT is already live, attention is now turning to the next phase: MTD for Income Tax Self Assessment (MTD for ITSA).
Who Is Affected?
From April 2026, MTD for ITSA becomes mandatory for self-employed individuals and landlords with income over £50,000. Those earning over £30,000 follow in April 2027. Here's what you need to do:
Keep digital records
Submit quarterly updates through MTD software
File an end-of-period statement and a final declaration
What It Means for You
This is more than just a new filing method—it's a shift to digital recordkeeping. Manual records won’t cut it anymore.
How to Prepare
Review your income thresholds
Choose MTD-compliant software
Practice digital recordkeeping now
Talk to your accountant
This is a chance to modernise your finances. Our practice can help you get MTD-ready. Don’t wait until the deadline—start preparing today.