Making Tax Digital: What the scheme means for working Brits (and advisers)

MTD initiative is aimed at modernising and simplifying the tax system

clock • 4 min read

Arjun Kumar outlines what the new rules mean – and how to get ready...

If your client is self-employed or earns income from property, and their annual income exceeds a certain threshold, they'll soon be required to file their taxes through HM Revenue & Customs' (HMRC) Making Tax Digital (MTD) platform. From April 2026, MTD for income tax becomes mandatory for sole traders and landlords with qualifying income over £50,000. A year later, the threshold drops to £30,000. And with government plans to lower the bar to £20,000 in future, even more taxpayers will soon be brought into the fold. If they're registered for self-assessment and fall within these incom...

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