Making Tax Digital for Income Tax
Sole traders with turnover over £50,000 now have to keep digital records and send HMRC quarterly updates. Over £30,000 joins in April 2027.
Roughly worth: A rule, not money. Some free software exists.
First step: Check if Making Tax Digital applies to you and pick software.
Who it is for
Sole traders and landlords with combined gross income over £50,000 (from April 2026), over £30,000 (from April 2027) and over £20,000 (from April 2028).
How to get it
Sign up on GOV.UK with HMRC-recognised software. HMRC's list includes some free options.
Run by HM Revenue and Customs. Last checked 14 October 2026 against the official source.