From the 6th April 2026 sole traders and individuals with property income will have to follow the requirements for Making Tax Digital if they have an income ( sales ) of more than £50,000 a year. The requirements are that business records have to be kept digitally using MTD compatible software and that each quarter summary data of income and expenses is sent to HMRC via the software. From 6th April 2027 these requirements will be extended to traders and landlords with an annual income of more than £30,000.
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