Important Changes to Self-Employed MTD Submissions from 2026!

Significant changes are on the horizon for self-employed individuals in the UK with the introduction of the Making Tax Digital (MTD) program. Starting in April 2026, quarterly MTD data submissions will become mandatory for those with an annual income exceeding £50,000.

It’s crucial to understand that you won’t need to prepare a full tax return every quarter; instead, a simplified data submission will be required. This also means that the cost of these quarterly submissions will be lower, anticipated to be around £60 per quarter. However, the regular annual self-assessment tax return will still be required, and these quarterly reports will need to be submitted in addition to it. Make sure you’re prepared for these upcoming changes!

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