Making Tax Digital

MTD Penalties 2026/27 - 5 Key Rules Every Taxpayer Must Know

Making Tax Digital Compliance in 2026/27: Five Penalty Rules You Cannot Ignore 

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“There are no penalties in the first year” is the line doing the rounds in every London landlord WhatsApp group and freelancer Slack channel right now. It’s not wrong exactly, but it’s dangerously incomplete. HMRC’s soft landing for Making Tax Digital covers far less than most people assumes, and the gap between what taxpayers think is protected and what’s protected is where penalty […]

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Making Tax Digital deadline

Half of Small Businesses Are Behind on Making Tax Digital – Are You One of Them? 

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The first Making Tax Digital for Income Tax quarterly update is due on 7 August 2026, and by most current estimates, roughly half of the small businesses, sole traders, and landlords who fall within scope aren’t ready to file it. That’s not a small margin. It means a coin-flip chance that a business reading this

Half of Small Businesses Are Behind on Making Tax Digital – Are You One of Them?  Read More »

MTD for Income Tax

MTD for Income Tax: The Essential Quarterly Compliance Checklist for Sole Traders and Landlords in 2026 

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Most guides to Making Tax Digital for Income Tax tell you the dates and stop there. What they rarely tell you is what needs to happen inside your business, week by week, so that when 7 August arrives, your quarterly update is a five-minute formality rather than a scramble. That’s the gap this article fills.  If you’re a sole trader or

MTD for Income Tax: The Essential Quarterly Compliance Checklist for Sole Traders and Landlords in 2026  Read More »

MTD Quarterly Update

What Actually Goes into Your MTD Quarterly Update? A Line-by-Line Breakdown Before 7 August 

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Your first quarter under Making Tax Digital for Income Tax closed on 5 July. The deadline to submit it is 7 August. So, here’s the question nobody’s answered yet: what actually goes in it?  If you’ve already read about the deadline itself, you know the date. What you probably don’t know is what to type into your software when you sit down to file

What Actually Goes into Your MTD Quarterly Update? A Line-by-Line Breakdown Before 7 August  Read More »

MTD

MTD for Income Tax Phase 2: Why £30,000+ Sole Traders and Landlords Should Start Preparing Now, Not in 2027 

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Every piece of Making Tax Digital coverage right now is aimed at one group: sole traders and landlords with qualifying income over £50,000, who just filed their first quarterly update by 7 August 2026. That’s the right story for this month. But it’s created a blind spot for a much larger group who will be mandated into Making Tax Digital

MTD for Income Tax Phase 2: Why £30,000+ Sole Traders and Landlords Should Start Preparing Now, Not in 2027  Read More »

MTD for Income Tax quarterly deadline

Five Weeks to 7 August 2026: What to Actually Do Before Your First MTD Quarterly Update 

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Most articles about the 7 August 2026 deadline stop at “here are the dates.” You’ve likely seen that version already, possibly on your own reading list, possibly on this site. What’s missing from almost all of them is the part that determines whether your first submission goes smoothly: the decisions and admin that must happen before 7 August, not on it.  This is that piece. Not another explainer on who

Five Weeks to 7 August 2026: What to Actually Do Before Your First MTD Quarterly Update  Read More »

MTD Quarterly Update

A Sole Trader’s First MTD Quarter: What Actually Happens Between 6 April and 7 August 

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Picture a self-employed electrician named Daniel who also rents a one-bed flat in Leeds. His combined turnover from the two pushed him just over £50,000 last year, so from 6 April 2026 he became one of the first people in the country required to file under Making Tax Digital for Income Tax. Walking through what happens to someone like Daniel,

A Sole Trader’s First MTD Quarter: What Actually Happens Between 6 April and 7 August  Read More »

MTD for Income Tax

MTD for Income Tax: Does It Apply If You Have Rental Income and Self Employment?

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Short answer: Almost certainly yes, and there is a detail in how the system works that most people in your position do not find out until it is too late to prepare properly.  If your gross income from self-employment and property combined exceeded £50,000 in the 2024/25 tax year, Making Tax Digital for Income Tax has applied

MTD for Income Tax: Does It Apply If You Have Rental Income and Self Employment? Read More »

MTD for Income Tax: Are You Ready for the 7 August 2026 Deadline?

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If you earn over £50,000 from self-employment or property, your first Making Tax Digital for Income Tax quarterly update is due by 7 August 2026. Here is what you need to do before that deadline arrives. The Tax Reporting Change That Is Already in Effect Since 6 April 2026, Making Tax Digital for Income Tax

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Making Tax Digital UK

MTD for Income Tax Is Already Live: What UK Sole Traders and Landlords Need to Fix in 2026 

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If you are a sole trader or landlord in the UK, there is a good chance you have already received emails, software alerts, or HMRC letters about Making Tax Digital for Income Tax (MTD for IT).  And for many taxpayers, the first reaction has been:  “What exactly am I supposed to do now?”  Since April 2026,

MTD for Income Tax Is Already Live: What UK Sole Traders and Landlords Need to Fix in 2026  Read More »

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