MTD is just around the corner!

At long last, MTD is about to be rolled out. From 6th April, you will have to submit your self-assessment quarterly, if you earn over £50,000 per annum.

Don't worry though, Mineral has the solution to this headache!

Utilising a HMRC compliant software partner, we can remove the aggravation of MTD from April. This will guarantee compliance at a competitive rate, giving you complete peace of mind.

What is MTD?

Making Tax Digital (MTD) is a UK government programme to modernise the tax system by requiring digital record-keeping and reporting to HMRC. The aim is to reduce errors and move tax reporting closer to real time. It already applies to VAT and from April 2026 will extend to Income Tax for many individuals.

6 April 2026

MTD for Income Tax becomes mandatory for self-employed people with gross “qualifying income” over £50,000 per year.

Quarterly Reporting Begins

You must keep digital records and submit quarterly updates of income and expenses via MTD-compatible software — not just a single annual tax return.

Typical Quarterly Deadlines (example tax year)

• Quarter 1 (6 Apr–5 Jul): due 7 Aug 2026

• Quarter 2 (6 Jul–5 Oct): due 7 Nov 2026

• Quarter 3 (6 Oct–5 Jan): due 7 Feb 2027

• Quarter 4 (6 Jan–5 Apr): due 7 May 2027

• Final Declaration (full year): due 31 Jan 2028

Who must comply in 2026

MTD for Income Tax applies if all of the following are true:

• You are self-employed

• You file Self Assessment

• Your gross income from self-employment (before expenses) is over £50,000 in the tax year ending 5 April 2025 (used to decide whether you must join in 2026)

Note: This is not net profit — it is total receipts before deducting costs.

Phased expansion beyond 2026

MTD for Income Tax will roll out in stages:

• April 2026: £50,000+ income threshold

• April 2027: Threshold lowers to £30,000

• April 2028: Threshold lowers to £20,000

By 2028 this will bring many more sole traders into the system.

Requirements for Compliance

Under the new rules you must:

• Keep digital records — not just paper or manual spreadsheets.

• Use HMRC-compatible software

• Submit quarterly summaries to HMRC

• Submit a Final Declaration after the tax year ends (replacing the traditional SA return).

If you need any help or support with these important changes, please contact us on 0330 052 5200 or email sales@mineralpayroll.com.