HMRC to start contacting taxpayers regarding MTD for ITSA
HMRC has announced that from April 2025, it will write to sole traders and landlords who may need to comply with making tax digital (MTD) for income tax from April 2026.
MTD income tax will be phased in from April 2026 for individuals with self-employment and/or property income. The start date depends on the individual’s total sales and rental income from those activities.
An individual must comply with MTD income tax:
- from 6 April 2026, where their annual turnover exceeds £50,000; and
- from 6 April 2027, where their annual turnover exceeds £30,000.
- from 6 April 2028, where their annual turnover exceeds £20,000. (To be Confirmed)
The figures from the individual’s income tax return for 2024/25 will be used to determine if they must comply with MTD income tax from 6 April 2026
Internet Link: HMRC
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