Making Tax Digital for income tax, What is it and what do you need to know?

Making Tax Digital (MTD) for income tax is part of HMRC’s ongoing effort to modernise the UK tax system.  It is a government initiative to implement a fully digital tax system in the UK, where taxpayers keep digital records and use MTD compatible software to make tax submissions electronically.

It will affect individuals who are self employed and landlords and is being rolled out in phases, beginning from 6 April 2026.  If this applies to you it’s important to start preparing now.