A new tax reporting requirement comes into force on 6 April 2026, as HM Revenue & Customs (HMRC) rolls out Making Tax Digital (MTD) for Income Tax. Self-employed workers and landlords with qualifying income above £50,000 must now keep digital records and submit quarterly updates, replacing the traditional annual self-assessment system for this group.
The change applies to individuals registered for self-assessment who earn income from self-employment, property, or both. HMRC defines 'qualifying income' as total receipts before expenses are deducted. Those below the £50,000 threshold remain on the current system for now, but the limit is due to fall to £30,000 in April 2027 and £20,000 in 2028.
