If you’re a sole trader or landlord earning more than £50,000, big changes are coming.
From April 2026, you’ll need to follow Making Tax Digital (MTD) for Income
Tax.
That means…..
– Using digital software to keep records
– Sending quarterly updates to HMRC
– Submitting a final year-end declaration
What Does This Mean for You?
If you currently keep paper records or use basic spreadsheets, this will be a major shift.
Here’s How to Get Ready Now:
Check if you’ll be affected
– Are you a sole trader or landlord earning over £50k?
Start using MTD compliant software
– Options include Xero, QuickBooks, FreeAgent, etc.
Speak to your accountant early
– Get your setup right before deadlines hit.
The sooner you start, the smoother the transition will be.
Need help choosing the right software or understanding what this means for you?
Contact us – we are happy to walk you through it.
