Mandatory digital income tax return for self employed and landlords via MTD system (updated).

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As is known, from 2019 onwards some businesses submit a digital tax return (Making Tax Digital). From April 2026 onwards, the same will apply to the self-employed and landlords.

Simply put, those who are self-employed and landlords and have qualifying income above £50,000 will have to submit their income and expenses quarterly and a year-end final declaration via HMRC-compatible software.

Extra Notes: £30,000 for the 2025 to 2026 tax year, you will need to use it from 6 April 2027 and £20,000 for the 2026 to 2027 tax year, the government has set out plans to introduce legislation to lower the qualifying income threshold

Specifically, the deadlines for submitting income and expenses after April 2026 will be:

• ➤ 7 August (for Q1: 6 Apr–5 Jul)

• ➤ 7 November (Q2: 6 Apr–5 Oct)

• ➤ 7 February (Q3: 6 Apr–5 Jan)

• ➤ 7 May (Q4: 6 Apr–5 Apr)

The current known tax return (Self Assessment tax return) is replaced with the quarterly updates and a final digital declaration, with submission/payment still due by 31 January following the tax year end.

NOTE: MTD returns should be made with HMRC compatible software.

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At UPECO we are ready to provide you with the relevant support with leading FinTech systems. Our company is a partner of SAGE in the field of Cloud software, through which we arrange any accounting - tax digitization, as SAGE is one of the few software that is fully harmonized in the digital course of HMRC.

For detailed information, simply easily arrange an online session with us.

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ATTENTION!

This article intends to give only a general informative picture and should not, in any case, be taken as a rule. It is strongly recommended to seek a full and professional guidance specifically for your circumstances before making any decisions.