Sole traders and landlords earning more than £50,000 must send their second quarterly update for Making Tax Digital for Income Tax by Saturday 7 November 2026. HMRC busts common myths to help customers prepare for the second quarterly update with confidence
HM Revenue and Customs (HMRC) is helping sole traders and landlords earning more than £50,000 prepare for their seco
More than 430,000 sole traders and landlords successfully sent their first Making Tax Digital (MTD) for Income Tax quarterly update for the 7 August deadline. Almost 565,000 customers have now signed up to the service.
Hundreds of thousands of taxpayers got ahead of the game by filing their Self Assessment return early last month, with 86,270 submitting on day one - as Easter Monday emerged as the most popular date.
More than 860,000 sole traders and landlords need to start using digital tax reporting from 6 April Software available to help spread tax admin throughout the year, with thousands already testing the system successfully Rollout forms part of the Government’s plan to transform the UK’s tax system to support economic growth
Sole traders and landlords earning more than £50,
There is less than a year to go until sole traders and landlords with an income over £50,000 will be required to use Making Tax Digital (MTD) for Income Tax. The launch on 6 April 2026 marks a significant and ultimately time-saving change in how these individuals will need to keep digital records and report their income to HM Revenue and Customs (HMRC).
Nearly 1.8 million married couples and those in civil partnerships are using Marriage Allowance to save up to £252 a year in Income Tax, HM Revenue and Customs (HMRC) has announced.
Since April, almost 800,000 employees who have been working from home during the pandemic, have already claimed tax relief on household related costs, HM Revenue and Customs (HMRC) has revealed.
The tax gap for 2016/17 is 5.7%, HM Revenue and Customs (HMRC) confirmed today.
Plans to simplify the way self-employed people pay National Insurance Contributions (NICs) have been published for consultation by HM Revenue and Customs (HMRC).
