12/10/2026
Making Tax Digital is officially here, letβs look ahead to the next phase!
With MTD for Income Tax now live for those earning over Β£50,000, HMRC is set to roll out the next phases to bring more sole traders and landlords into digital tax reporting.
Here is what the expansion timeline looks like:
πΈ April 2026: Live for qualifying income over Β£50,000
πΈ April 2027: Expanding to qualifying income over Β£30,000
πΈ April 2028: Lowering further to qualifying income over Β£20,000
What does this mean for you?
Instead of filing a single end of year return, you'll maintain digital records and send quarterly updates using HMRC compatible software.
Getting ahead of the changes now will save you time, keep your books accurate and make transitioning seamless before your start date hits!
Have questions about how these upcoming phases impact your business? Drop a comment below or read the official guidelines on https://bit.ly/3VESDDS