Dear customer,
If you receive qualifying income from self-employment and/or property you’ll be legally required to use Making Tax Digital for Income Tax – based on the level of qualifying income – from the following dates:
| | • | April 2026, if your qualifying income is more than £50,000 in the 2024 to 2025 tax year
| | • | April 2027, if your qualifying income is more than £30,000 in the 2025 to 2026 tax year
| | • | April 2028, if your qualifying income is more than £20,000 in the 2026 to 2027 tax year (the government has set out plans to introduce legislation to lower the qualifying income threshold to this level)
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| How to get ready for MTD if you are a business | Register for this live webinar about getting ready for Making Tax Digital, during which we’ll look at:
| | • | the requirements of MTD for Income Tax
| | • | practical steps you can take to prepare your business
| | • | the rules, who will be affected and when
| | • | making informed software choices
| | • | authorising your agent, if applicable, and signing up to MTD
| | • | utilising any benefits and opportunities
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Yours faithfully
HM Revenue and Customs
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