Making Tax Digital

Making Tax Digital for Income Tax Self Assessment for sole traders and landlords is coming.

Landlords and sole traders with business or property income over £30,000 will be required to maintain digital records of trading income and update HMRC each quarter using compatible software.

It will be rolled out in two phases:

• From April 2026, for those with qualifying income over £50,000

• From April 2027, for those with qualifying income over £30,000

Fore information can be viewed on this topic by clicking the link below;

https://www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-sole-traders-and-landlords/making-tax-digital-for-income-tax-self-assessment-for-sole-traders-and-landlords

Please be aware that by clicking on to the above link you are leaving Liddington & Co Ltd website. Please note that Liddington & Co Ltd nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.