MTD for Income Tax - First quarterly deadline approaching

Making Tax Digital (MTD) for Income Tax is now in effect for many self-employed individuals and landlords. From 6 April 2026, those with qualifying income above £50,000 in the 2024/25 tax year are required to keep digital records and submit quarterly updates to HMRC using compatible software.

This is a major change from the previous Self-Assessment process, where most information was reported after the end of the tax year. Under MTD, records need to be kept up to date throughout the year so that quarterly submissions can be made on time.

The first quarterly update for the 2026/27 tax year is due by 7 August 2026.

If MTD for income tax applies to you, now is the time to make sure your bookkeeping records are complete, accurate and maintained in compatible software. If we maintain your bookkeeping or are preparing your quarterly submissions, please send us your records as early as possible so we have enough time to review them and deal with any queries before the deadline.

To help avoid last-minute issues, we recommend that you: 

• Check whether MTD applies to you. 
• Make sure your digital records are up to date. 
• Confirm that your software is MTD-compatible; and 
• Send any outstanding records to us as soon as possible. 

If you are unsure whether you are affected, what records we need, or how the new rules apply to you, please contact your usual JS advisor or email us at enquiries@teamjs.co.uk.