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Making Tax Digital for Income Tax Self-Assessment image

HMRC have announced that Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is mandatory from 6 April 2026.

From 6 April 2026 self-employed individuals and landlords with income of more than £50,000 will be required to keep digital records and provide HMRC quarterly updates on their income and expenditure through MTD for ITSA compatible software.

Honey Barrett are here to help, and with our team of experts in tax and online ‘cloud’ accounting packages, we can guide you through the intricacies of what Making Tax Digital means for you and advise you on the best solutions.

Who is affected by Making Tax Digital for Income Tax Self-Assessment?

Whether you are a Builder, Hairdresser, GP Locum or Landlord, if your annual trade or property income is above £50,000 you will need to follow the MTD for ITSA requirements from 6 April 2026.

From 6 April 2027 self-employed individuals and landlords with income of between £30,000 and £50,000 will be required to keep digital records and provide HMRC quarterly updates on their income and expenditure through MTD for ITSA compatible software.

If you are self-employed or a landlord with income over £30,000 but under £50,000 this will become compulsory from 6 April 2027 and those with income over £20,000 will become compulsory from 6 April 2028. For those under the £20,000 threshold the Government has announced a review into the needs of smaller businesses and how best MTD for ITSA can be managed. A mandatory date is not yet known but this is expected to be after April 2028.

MTD for ITSA will not be extended to General Partnerships in 2026 but is expected at a later date as part of the Government’s 10-year strategy for the future of tax administration in the UK.

How can Honey Barrett Chartered Accountants help?

Honey Barrett can help you understand Making Tax Digital and what it means for you.

We offer valuable advice on how to navigate the changes and ensure you remain compliant with minimal disruption to your business or personal finances, making the transition to MTD stress free.

With our friendly and approachable manner, we will be able to advise on and discuss your options to ensure a proactive approach is taken so you can comply with these mandatory changes.

What should I do next?

Contact us today and one of our team will be happy to discuss how we can support you through MTD for ITSA.

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