September 24th, 2026.
HMRC introduced MTD to bring UK taxpayers into the digital age. You’ll keep digital records and file quarterly, which means more reliable numbers, better business information and fewer January panics.
Building a tax return from a shoebox of receipts should become a thing of the past. Instead, you’ll have a running picture of your tax position all year and could be ready to file a tax return the moment the tax year ends.
Who does it affect?If your qualifying income was over £50,000 on your 2024/25 tax return, HMRC has already mandated you into MTD for 2026/27.
Qualifying income means gross self-employment turnover plus gross rental income, before expenses. It’s the combined total that counts, even if neither source alone breaches the...
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