MTD for Income Tax - 50 Key Questions Answered

The way you manage your tax is about to change—dramatically. From April 2026, Making Tax Digital for Income Tax (MTD IT) will begin reshaping how sole traders, partnerships, and landlords handle financial record keeping and submissions. By April 2028, most unincorporated businesses will be required to comply, and those who don’t risk landing in hot water. MTD IT isn’t just about going digital—it’s a complete transformation in how information is recorded, reported and reviewed by HMRC.

Manual records will become a thing of the past, replaced by mandatory use of HMRC-approved software for quarterly and annual filings. To make sure businesses meet the new demands, a points-based penalty system will be introduced, ramping up the consequences for missed deadlines and errors.

To help you stay ahead, we’ve created the Special Report MTD IT – 50 Key Questions Answered—a clear, practical guide answering 50 essential questions to help you prepare. You’ll learn when the rules kick in, how they apply to multiple businesses, which data must be submitted, and what roles accountants and bookkeepers will play. You’ll also discover smart strategies to claim exemptions and steer clear of costly penalties.

Whether you're a sole trader, landlord, partnership, or part of the accounting profession, this is your chance to future-proof your approach and transition with confidence.