Changes to digital tax reporting: Sole traders beware!

900,000 sole traders pulled into MTD for ITSA - Smailes Goldie

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This latest extension means that an additional 900,000 sole traders must adopt digital record-keeping and quarterly tax submissions by this deadline. Who is affected and when? Mandating digital record-keeping allows HMRC to enhance compliance and streamline reporting for taxpayers and the tax authority, …

Making Tax Digital is expanding – here’s what sole traders need to know

A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed. From April 2026, individuals with annual earnings over £50,000 will be required to comply with Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA). A year later, that threshold drops to £30,000.... The post Making Tax Digital is expanding – here’s what sole traders need to know appeared first on Clay Shaw Thomas.

Changes to digital tax reporting: Sole traders beware!

The Government’s Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) programme is gradually being rolled out and for sole traders, now is the time to prepare. Next year, hundreds of thousands of self-employed individuals will be brought into the scope of the new digital reporting system. If your income exceeds £20,000 a year, it is likely you will be affected. From April 2026, those earning over £50,000 annually will be required to…

Making Tax Digital - Income Tax from 6 April 2026 - Barnes Roffe

HMRC is modernising the UK tax administration system to enable real-time digital reporting. Making Tax Digital (‘MTD’) is a key part of this initiative, requiring taxpayers to maintain digital records ...