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HMRC tax deadline this weekend – but half of adults have no idea about major change
A survey found 50% of UK adults do not know what Making Tax Digital involves as the scheme expands to lower-income taxpayers next year.
- Saturday, November 7, 2026, marks the second quarterly update deadline for sole traders and landlords with combined turnover exceeding £50,000, requiring submission of figures to HMRC.
- Making Tax Digital represents the biggest change to Income Tax reporting since Self Assessment, requiring affected individuals to maintain digital records and file summaries every three months instead of annually.
- Over 400,000 sole traders and landlords missed their first deadline in August, creating significant workload pressure for accountants managing missing receipts and filing errors before submissions reach HMRC.
- Research shows 50% of UK adults remain unaware of what Making Tax Digital involves, while 42% doubt they could meet tax deadlines without reminders, signaling widespread compliance vulnerability.
- The income threshold for joining the scheme will fall to £30,000 in April 2027, followed by a planned further reduction to £20,000 in April 2028, expanding the affected population significantly.
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