Year one of MTD for Income Tax: a step-by-step guide

Making Tax Digital (MTD) for Income Tax means a whole new way of reporting income and costs to HMRC for sole traders and landlords. If you had qualifying income totalling over £50,000 in 2024/25, MTD is mandatory for you from 6th April 2026. If you had lower qualifying income, you can also voluntarily sign up to join MTD .