Term
Making Tax Digital for Income Tax
HMRC's requirement for UK sole traders and landlords above an income threshold to keep digital records and send quarterly updates.
VAULT 33|27 · Updated 12 November 2026 · 1 min read
What it means
It applies from 6 April 2026 to those with qualifying income over £50,000 in 2024 to 2025, and from 6 April 2027 to those over £30,000 in 2025 to 2026, with plans to extend it to those over £20,000.
Why it matters for your business
Hundreds of thousands of sole traders and landlords are looking for accountants who can handle it, which is a major growth opportunity for accounting firms.
Sources
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