Quarterly tax reporting is here – is HMRC ready?

An office worker in front of a computer holding his hand in one hand and looking unhappy.

For as long as many of us can remember, self-assessment has meant one tax return per year. But that’s now changed.

From April 2026, the government’s Making Tax Digital (MTD) program will require many sole traders and landlords to keep digital records and send quarterly updates of their income and expenses to HMRC using compatible software.