Making Tax Digital (MTD) Thresholds

Making Tax Digital for Income Tax: Key Dates and How to Prepare

If you receive qualifying income from self-employment and/or property, you will soon be legally required to comply with Making Tax Digital (MTD) for Income Tax. The timeline for this requirement depends on the amount of your qualifying income, as follows:

  • From April 2026: MTD will apply if your qualifying income exceeds £50,000 during the 2024 to 2025 tax year.
  • From April 2027: MTD will apply if your qualifying income exceeds £30,000 during the 2025 to 2026 tax year.
  • From April 2028 (subject to planned legislation): MTD will apply if your qualifying income exceeds £20,000 during the 2026 to 2027 tax year.

How Businesses Can Prepare

To help businesses get ready, HMRC is offering a live webinar that will cover everything you need to know about Making Tax Digital for Income Tax. Topics include:

  • The core requirements of MTD for Income Tax
  • Practical steps to help your business prepare
  • Who will be affected and when
  • How to choose the right MTD-compatible software
  • How to authorise an agent, if applicable, and sign up to MTD
  • Ways to take advantage of any associated benefits and opportunities
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