MTD Postponed until April 2026
Self employed business and landlords with total annual income above £50,000 will need to follow the rules for MTD from 6 April 2026.
From 6 April 2027 Self-employed business and landlords with total annual income above £30,000 will need to follow the rules for MTD
From April 2028 Unincorporated Partnerships with an income above £10,000 will join MTD
We currently do not have a date for Limited Companies.
The key requirement for all businesses falling within the MTD regime, whether that is for VAT, Income Tax Self-Assessment or Corporation Tax, will be to keep records digitally and up to date on a quarterly basis.
For businesses whose records are currently manual, or completed annually, this will represent the biggest change to their bookkeeping processes and it may be advisable for them to begin that digital transformation journey as soon as possible.