Use Making Tax Digital for Income Tax

Use Making Tax Digital for Income Tax

Guidance for sole traders, landlords, and agents to sign up early to use HMRC's new way to report self-employment and property income and expenses for the tax year 2025 to 2026.

The countdown to Making Tax Digital for Income Tax – Who is affected first?

With less than a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory for sole traders and landlords earning over £50,000, it is important to start preparing. From April 2026, these taxpayers will need to file quarterly updates and a final end-of-year declaration using MTD-compatible software. Although the latest trial phase has been open since April 2025, uptake remains low. Just 1,000 individuals and agents have s…

The taxman is going digital - My Continuum

The entire world seems to be going digital. Going digital – digitisation – is the process of replacing physical, manual, or analogue systems with digital alternatives, centred on computers, the internet and increasingly your mobile.   Letters have been replaced by email. Paper maps have been eclipsed by GPS and phone apps. Cameras, music, news, the list goes on. It was inevitable that tax would go digital too. VAT is already digital. Now digiti…