US EditionUK tax collector looks for new CRM system with £1B on table
- HM Revenue and Customs will launch Making Tax Digital for Income Tax on April 6, 2026, affecting self-employed individuals and landlords in the UK.
- This change follows the successful implementation of Making Tax Digital for VAT, which over 2 million businesses now use, and aims to improve tax reporting efficiency.
- From April 2026, those with qualifying income over £50,000 must keep digital records, use compatible software, and submit quarterly income and expense summaries to HMRC.
- Craig Ogilvie, Director of Making Tax Digital at HMRC, described this reform as the most impactful update to the Self Assessment system since it began in 1997, highlighting its benefits in saving time and reducing mistakes.
- The phased rollout will lower the income threshold to £30,000 in April 2027 and to £20,000 in April 2028, with the government expecting improved tax compliance and economic growth.
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HMRC confirms new change to income tax to start next year
The launch on April 6, 2026 marks a significant and ultimately time-saving change in how these individuals will need to keep digital records and report their income to HM Revenue and Customs (HMRC)
·Newcastle upon Tyne, United Kingdom
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Telegraph & Argus+30 Reposted by 30 other sources
HMRC introduces 'most significant change to Self Assessment since 1997'
HMRC is urging tax payers to get ready for the most significant change to Self Assessment since 1997
·Bradford, United Kingdom
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