Maxing Tax Digital 2026

Making Tax Digital is Coming – Here’s What You Need to Know

From April 2026, the way many self-employed people and landlords report their tax will change. HMRC is bringing in Making Tax Digital (MTD) for Income Tax.

Who will it affect?

• April 2026: If you earn over £50,000 from self-employment or property.

• April 2027: If you earn over £30,000.

• More people will be included in later years.

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What’s changing?

• You’ll need to use HMRC-approved bookkeeping software.

• You’ll send quarterly updates instead of one big tax return.

• There will still be a final year-end declaration.

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Why does this matter?

• Less risk of mistakes.

• A clearer picture of your tax throughout the year.

• But – more frequent reporting and the need for digital records.

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How to get ready

• Check if your income is over the threshold.

• Start using MTD-compatible software.

• Keep records up to date.

• Get support so you don’t miss deadlines.

Magna Carta Bookkeeping can help you get set up, stay compliant, and make the switch stress-free.

📞 Contact us today to get started.