Making tax digital for income tax

MTD (Making Tax Digital) -Tax Year 2026/27

Hi,

If you are a sole trader business owner, a property landlord under self-assessment, or a combination of both, you need to read this.

You may have received a letter from HMRC this Year, telling you that from the beginning of Tax

Year 2026/27, you must conform to their new Making Tax Digital (MTD) rules.

But what is MTD, you might ask, and how will it affect me?

Well, if your sole trader business, property landlord business or a combination of both, have in the

2023/24 Tax Year, a combined turnover/income of £50,000 or over, then you will be required from the 6th April 2026 to: -

1. Prepare timely digital record keeping for your income and expenditure

2. Make 4 Quarterly Accounts submissions per Tax Year to HMRC

3. Year-End Reporting

Are you getting prepared for what is being described as one of the biggest changes HMRC has

made to Self-Assessed Income in Years?

Keep in touch with us for further guidance and news on this and see how we can help you make

these changes going forward.

Brian

Cooper Curtis Accountants

If you would like to chat about your requirement for making tax digital, phone us during office hours on 01926 298918 or email; info@coopercurtis.co.uk

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