Making Tax Digital Rules for Landlords and Self-Employed

The UK government is introducing new rules called Making Tax Digital (MTD) that will change how landlords and self-employed people report their taxes.

Starting in April 2026, those earning more than £50,000 will need to keep digital records of their income and expenses and submit updates to the tax office (HMRC) every three months using special software.

Those earning between £30,000 and £50,000 will follow these rules from April 2027.

The goal is to make tax reporting more secure and easier to manage.

However, there might be extra costs for software and time needed to learn the new system.

There will be fines for late submissions, but HMRC will not penalize late reports during the first year to allow for adjustments.