Making Tax Digital For Income Tax (MTD)
MTD for income tax is a new system for recording and reporting income and expenses if you are self-employed and/or receive rental income. If you’re within the scope of MTD for income tax you’ll be required to:
1. Keep your records in a digital format.
2. Submit quarterly updates to HMRC for the below periods:
6 April to 5 July or 1 April to 30 June
6 July to 5 October or 1 July to 30 September
6 October to 5 January or 1 October to 31 December
6 January to 5 April or 1 January to 31 March
3. Submit an end of period statement to confirm the final taxable profit/loss.

Timetable for Mandatory compliance with the MTD rules is currently as follows:

• From April 2026 for those with annual gross income of over £50,000

• From April 2027 for those with annual gross income of between £30,000 and £50,000

HMRC are still considering what extent those with annual gross income between £10,000 and £30,000 will need to comply with the MTD for income tax rules.