Making Tax Digital for Income Tax is a new way for sole traders and landlords to report their income and expenses to HMRC.  

From 6 April 2026, sole traders and landlords must use it if their annual income from self-employment and property is over £50,000.  

You, or your agent if you have one, will need to use software that works with Making Tax Digital for Income Tax to:  

• create, store and correct digital records of your self-employment and property income and expenses   
• send your quarterly updates to HMRC   
• submit your tax return and pay tax due by 31 January the following year