29 August 2026
Reminder – Making Tax Digital Has Arrived. What Small Businesses Need to Know
Published: Aug 2026
The biggest change to Self Assessment in almost 30 years is finally here.
From 6 April 2026, sole traders and landlords with qualifying income above £50,000 must follow the new Making Tax Digital (MTD) for Income Tax rules.
What’s changing?
Instead of keeping paper records and submitting one tax return each year, you’ll need to:
- Keep digital records
- Use MTD-compatible software
- Send quarterly updates to HMRC
- Submit an end-of-year declaration
Who is affected?
Currently, the rules apply to:
- Sole traders
- Self-employed individuals
- Landlords
with qualifying income over £50,000.
Good news
You are not paying tax quarterly.
The quarterly submissions are simply updates to HMRC. Your tax payment dates remain broadly the same.
The Bkeepers – Top Tip
Don’t wait until HMRC sends a letter. Moving to cloud bookkeeping now will make the transition much easier.
Making Tax Digital, handled for you
Digital records, the four quarterly updates and your final declaration, for one fixed monthly fee. See your own price in about a minute.