Getting Ready for Making TAX Digital for Income TAX

From April 2026 Making Tax Digital for Income Tax (MTD for IT) will apply to self-employed individuals and property landlords whose gross annual income is £50,000 or more. Individuals who earn between £30,000 and £50,000 will be required to join the scheme from 2027.

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What is Making Tax Digital for Income Tax?

MTD for Income Tax is replacing the current Income Tax Self Assessment process. It affects self-employed people and landlords with an annual income of over £50,000 and is being phased in from April 2026.

This new tax system requires taxpayers to digitally file quarterly income and expenses, along with an annual summary and final declaration that all sources of income have been confirmed.

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