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HMRC New Rules- Earning over £50k?

 

If you are a Sole Trader or Landlord earning over £50k (turnover, not profit), MTD IT will affect you from April 2026.

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You will be required to start submitting quarterly submissions for your self-assessment tax instead of once a year.

 

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Steps to get ready

What you need to do

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1️⃣ Check if MTD IT Applies to You
If you’re a sole trader or landlord with a turnover over £50,000, you’ll need to comply from April 2026.

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2️⃣ Get the Right Accounting Software
Spreadsheets won’t cut it! You’ll need MTD-compliant software to submit your quarterly updates. If you're not sure what to use, we can help.

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3️⃣ Start Preparing Now
Don’t wait until 2026—switch to digital record-keeping now to get used to the system. We can guide you through the process so you’re confident before the deadline.

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