Platform Coming soon
Income Tax Digital
MTD for Income Tax: quarterly updates for sole traders and landlords.
01
Who it applies to
Sole traders and landlords whose qualifying income from self-employment and property is over:
- £50,000 from April 2026
- £30,000 from April 2027
- £20,000 from April 2028
02
The 4 + 1 rhythm
Until nowOnce a year
Tax year · 6 April – 5 April
1 tax return31 January
One Self Assessment return a year, often prepared months after the year has ended, with everything gathered at once.
Now4 + 1
Q17 August
Q27 November
Q37 February
Q47 May
+1 final declaration31 January
Four quarterly updates a year, plus a final declaration by 31 January after the end of the tax year. What used to happen once a year now happens more regularly, which means fewer surprises at year end.
Quarterly deadlines
| Quarter | Period | Update due |
|---|---|---|
| Q1 | 6 April – 5 July | 7 August |
| Q2 | 6 July – 5 October | 7 November |
| Q3 | 6 October – 5 January | 7 February |
| Q4 | 6 January – 5 April | 7 May |
Final declaration: 31 January. You can also choose calendar quarters (for example 1 April – 30 June). The update deadlines stay the same.
You
Live- Record income and expenses as you go
- Connect your bank and keep receipts with each entry
- Fill any gaps before the quarter's deadline
You or your accountant
Coming soon- Review and finalise the quarter
- Send the quarterly update to HMRC
- Complete the final declaration
Start your digital records now
The sooner your records are digital, the easier your first quarterly update will be.