top of page
Search
  • Shepherd Partnership

MTD for Income Tax pilot now live




If you're a sole trader or landlord, you can sign up (voluntarily) for Making Tax Digital for Income Tax.


What Making Tax Digital for Income Tax is:


Making Tax Digital for Income Tax is a new way of reporting income and expenses if you’re a sole trader or landlord. You’ll need to:


  • use software that works with Making Tax Digital for Income Tax

  • keep digital records of your business income and expenses

  • send us quarterly updates

  • submit a tax return and pay tax due by 31 January the following year

Who should sign up and when:


Making Tax Digital for Income Tax is currently voluntary. From 6 April 2026, it will become mandatory in phases based on your total annual income from self-employment or property.


5 views0 comments

Comments


bottom of page