Two months until Making Tax Digital for Income Tax applies

From 6 April 2026, around 860,000 sole traders and landlords earning more than £50,000 per year will be required to comply with new Making Tax Digital (MTD) for Income Tax reporting rules. Under MTD for Income Tax, sole traders and landlords will need to use recognised software to keep digital records and send quarterly updates of their income and expenses to HMRC.

Read more about the rules at: https://www.gov.uk/government/news/act-now-864000-sole-traders-and-land…