09/06/2026
Making Tax Digital for Income Tax is now live - and if you're a sole trader or landlord earning over £50,000, the clock is already ticking. ⏰
Surprisingly, over 65% of eligible taxpayers still haven't registered, more than two months after the April 2026 deadline! That's a lot of people at risk of penalties down the line.
Here's what you need to do now:
👉 Go digital early - get MTD-compliant software in place and start using it before your next filing deadline
👉 Build a routine - set aside time each week to log income, record expenses and keep your books up to date
👉 Use the soft-landing period wisely - late submission penalties won't apply to quarterly updates during 2026/27, but that's a window to practise, not a reason to delay
👉 Lean on your accountant - regular check-ins mean fewer surprises and better financial decisions throughout the year
MTD isn't just a compliance exercise. Done well, it gives you clearer visibility of your finances all year round.
Not sure where to start? Get in touch with MJ & Co Accountants today - we'll help you navigate Making Tax Digital with confidence, from choosing the right software to managing your quarterly filings.
For more information visit https://bit.ly/44BCSiG