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MTD for ITSA: What Landlords and Sole Traders Need to Know Before April 2026

10/6/2025

 
From April 2026, Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will apply to sole traders and landlords with annual gross income over £50,000. This marks a significant shift in how personal income tax records are reported to HMRC.

What Is Changing?
Under MTD for ITSA, affected taxpayers must:
1) Maintain digital records using HMRC-approved software;
2) Submit quarterly income and expense updates to HMRC;
3) File a final end-of-year declaration, replacing the traditional Self Assessment tax return.

​Who's Affected and When?

4) April 2026: Individuals earning over £50,000 (combined from sole trade and property);
5) April 2027: Threshold lowers to £30,000.

General partnerships and those below the threshold remain outside the regime-for now.


Why Act Now?


While the deadline may seem distant, early preparation will help minimise disruption. Adopting MTD-compliant software and adjusting your processes now can ensure a smooth transition.

At UMC Accountants, we’re already helping landlords and self-employed clients prepare for these changes-ensuring systems are in place and compliance is maintained.

Need help getting ready for MTD? Get in touch to discuss how we can support your digital record-keeping and quarterly reporting.


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