06/04/2026
Making Tax Digital comes into effect today - 6th April 2026 - for property investors and sole traders with a gross annual income of £50,000 or more.
If you hold property in your own name, this is relevant to you. From today, HMRC requires your income and expense records to be kept on an approved digital accounting platform, with quarterly submissions made either by you or your agent.
The introduction is phased. From April 2026 it applies to those with gross income over £50,000 (taken from your 2025/2025 tax return. From April 2027 the threshold drops to £30,000. From April 2028 it is planned to extend to those with income over £20,000 - so if you’re not in scope today, it’s only a matter of time.
Get your records and your platform in order now, not when HMRC comes knocking.
Swipe for the key things you need to know. Questions, reach us at [email protected]