From 6 April 2026, sole traders and landlords with qualifying self-employment or property income over GBP 50,000 must keep digital records and send quarterly updates to HMRC using compatible software. HMRC will not apply late-submission penalty points for quarterly updates in the first tax year (2026 to 2027), and the threshold drops to GBP 30,000 from April 2027.
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Making Tax Digital for Income Tax now mandatory over GBP 50,000 from April 2026
Why this matters for founders
Solo founders trading as sole traders should check whether their 2024 to 2025 income tops GBP 50,000, then adopt MTD-compatible accounting software and sign up now to avoid a scramble at the first quarterly deadline.
Source: GOV.UK (HMRC)
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