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From April 2026 we can submit your accounts to HMRC under the new rules:

Making Tax Digital (MTD) for Income Tax will be mandated in phases for self-employed individuals and landlords based on their annual gross income from these sources. From 6 April 2026, those with income over £50,000 must comply. The threshold drops to £30,000 in April 2027 and £20,000 in April 2028. 

MTD for Income Tax Thresholds and Timeline

• April 2026: Mandatory for individuals with over £50,000 gross income from self-employment and/or property.
• April 2027: Threshold lowers to £30,000 or more.
• April 2028: Threshold lowers to £20,000 or more. 

Key Rules and Details

• Income Calculation: The threshold applies to total gross income (turnover), not profits, from self-employment and property.
• Calculation Period: The threshold is based on the gross income reported on the self-assessment tax return for the previous tax year.

Key Requirements and Frequency

• Quarterly Updates: 4 times per year (deadlines 7 August, 7 November, 7 February, 7 May).
• Final Declaration: 1 time per year, replacing the old Self Assessment, due by 31 January.
• Scope: Applies if gross income (before expenses) from self-employment or property exceeds the threshold.