Making Tax Digital (MTD) For Income Tax Update

The chancellor has today announced updated timings for the implementation of MTD for income tax. MTD for income tax applies to self employed and those in receipt of rental income.

The details below relate to self employed individuals, but the deadlines and the income limits also relate to those in receipt of rental income.

As previously announced those with profits above £50,000 will be caught by  MTD from April 2026, with those having income of between £30,000 and £50,000 being caught by April 2027.

Today’s announcement sets a deadline for MTD of April 2028 for those having income of £20,000 and more.