Making Tax Digital

Big changes are coming for UK taxpayers. Here's everything you need to know about Making Tax Digital — and how we can help you get ready.

HMRC Update

Making Tax Digital

is here. Are you ready?

Aylesbury's trusted accountants guide you through the changes

If you're self-employed or a landlord, HMRC is changing how you report your income — for good. Making Tax Digital (MTD) for Income Tax Self Assessment means quarterly digital submissions, replacing the annual Self Assessment return. Here's what that means for you.

Key dates

April 2026 — Mandatory for income over £50,000

If your qualifying income exceeds £50k, MTD for ITSA is already mandatory for you.

April 2027 — Threshold drops to £30,000

Sole traders and landlords earning over £30k must comply from this date.

April 2028 — Threshold drops to £20,000

Almost all self-employed individuals and landlords will be in scope.

What changes under MTD for ITSA?

You'll need to keep digital records using HMRC-compatible software

Submit quarterly updates to HMRC (instead of one annual return)

File a final end-of-year declaration to confirm your tax position

Penalties for non-compliance — it pays to be prepared early

Don't leave it to the last minute. At Serenity Accountants, we're helping clients across Aylesbury and Buckinghamshire transition smoothly. Whether you need compatible software, quarterly filing support, or just clarity on what applies to you — we've got you covered.