MTD is coming in from 6 April 2026 as below.
MTD updates
It was originally due to become mandatory from April 2024 however, the government announced a delay to the introduction of the programme in December 2022 and a review of the scope of the new rules, which was completed in 2023.
Therefore, the timetable for compulsory compliance with the MTD rules is now as follows:
- From 6 April 2026, for those with annual gross income of over £50,000 from self-employment and property letting
- From 6 April 2027, for those with annual gross income of between £30,000 and £50,000 from self-employment and property letting
- From April 2028, for those with annual gross income over £20,000 from self-employment and property letting
What should I do?
Those affected will be required to record transactions and make quarterly reports to HMRC of income and expenses to in digital format.
If you are already VAT registered and using a product such as Xero, Sage, Kashflow or Quickbooks then you are probably already well placed to cope with the change, but if not you will need to prepare for the new reporting requirements.
April 2026 might seem a long way off but we are keen to make sure that our clients are well prepared before the due date. This will give you time to get used to the new record keeping requirements and iron out any wrinkles before the system goes live.
If you would like to understand more about your obligations and/or would like assistance transitioning to the new system, please register your interest by completing the form and let us know your preferred method of delivery, for example webinars, seminars or one to one training etc.
You may also be interested in:
Download our MTD for ITSA Roadmap
