HMRC has told more than 864,000 sole traders and landlords they have just weeks left to file their first Making Tax Digital quarterly update, with the deadline set for 7 August 2026. The move marks the start of a new reporting system for people whose tax affairs have previously been handled through a familiar annual return.
The first wave applies to those with combined gross income from self‑employment and property above £50,000 (approximately $66,344). The change could catch some people off guard if they are still expecting to file only once a year. For many landlords and sole traders, quarterly digital submissions will now sit alongside the annual Self Assessment process, with the tax return still due later by 31 January.
