Skip to main content
Decorative

Making Tax Digital for Income Tax

Getting ready for the new way to do tax returns

Do you work for yourself as a sole trader or earn money from property?

Tax returns are changing – with a new way to record and report your income and expenses. This is called Making Tax Digital for Income Tax.

Sometimes you’ll see this shortened to MTD for Income Tax.

We’re rewiring the way you do Income Tax

In fact, it’s the biggest change since HMRC launched Self Assessment more than 30 years ago.

You won’t fill out your tax return all at once

Instead, you’ll split and spread the admin throughout the year.

You’ll need to

Use recognised software

such as an app on your phone or laptop
to record income and expenses

Send quarterly updates

to HMRC from this software

Submit your tax return

by 31 January each year

How does it work?

Get a quick overview of how Making Tax Digital for Income Tax will change things

Self employed retailer who might need to use Making Tax Digital for Income Tax

Are you an accountant, agent or bookkeeper?

If you have your client’s permission, you can do Making Tax Digital for Income Tax on their behalf.