What Sole Traders & Landlords Must Do Before April 2026
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is one of the biggest changes to the UK tax system in recent years. From April 2026, sole traders and landlords earning over £50,000 will need to:
- Keep digital records of income and expenses
- Submit quarterly updates to HMRC
- File an End of Period Statement and Final Declaration annually
This shift aims to reduce errors and improve transparency. From April 2027, the threshold drops to £30,000, affecting even more taxpayers.
Action Steps:
- Review your income levels
- Choose MTD-compatible software
- Start keeping digital records
- Get support from your accountant
For expert help and support with Making Tax Digital, contact AIM GB LTD. Our team is ready to handle all your MTD requirements—so you can focus on growing your business while we take care of the numbers.
