Reminder re Making Tax Digital for Self-Assessment

We would like to like to remind self-employed business owners and non-corporate rental landlords about the Making Tax Digital requirements which have become mandatory for some taxpayers as of 6th April 2026. Those individuals with COMBINED gross annual self-employment and gross property income above £50,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2026.

The first submissions for businesses required to comply straight away will be due by 7th August 2026, so if you have not yet made the relevant changes to your bookkeeping practises, it would be advisable to start soon.

We feel that for some of our clients, the change in standard of bookkeeping that will be required and the transition to using computer software might be more of a challenge than they realise. We therefore previously suggested that business owners/managers speak to us well in advance of when they must start complying with these rules. That way, they would have been able to slowly get used to the new way of preparing their accounting records and not have to worry about mistakes right away. However, if you are not yet ready, there is still time to put the right systems in place and get caught up, ready for the first submission.

If you wish to discuss this, or if you are unsure what this means for your accounting and tax record keeping, please contact us.