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Making Tax Digital for Income Tax (MTD fIT)

Change is coming for many taxpayers as HMRC rollout the next phases of Making Tax Digital for Income Tax (MTD fIT). This is our dedicated MTD fIT area which we will keep updated to support our clients, present and future, throughout the journey.

You will need to be prepared to change but we are committed to supporting you every step of the way to help you the find digital solution for you.

Starting from April 2026, individuals with a combined turnover from self-employment and property income exceeding £50,000 gross will be required to comply with HMRC’s “Making Tax Digital” (MTD) requirements. This will necessitate the use of commercial software compatible with MTD for Income Tax to maintain self-employment and property records.

Quarterly updates (summaries of the digital records) must be submitted to HMRC (unless you are exempt).

The requirement to comply from 6 April 2026 is based on your turnover for the tax year ending 5 April 2025, with the test applied annually thereafter for registration in subsequent years.

These rules will extend to those with income from self-employment and property income exceeding £30,000 from April 2027, and the threshold will further reduce to £20,000 from April 2028

An overview of the current timeline is below to help you plan for when you and your business need to be ready:

Amber-Rose Barrett

Amber-Rose Barrett

Assistant Manager

Chris Bale

Chris Bale

Assistant Manager

Julia White

Julia White

Manager

Martin Bugg

Martin Bugg

Partner

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