We’re looking at changes and increasing prices coming next week due to the new tax year.
For example, (and this is a complex change!), if you’re a sole trader or landlord with a gross income of more than £50,000 from self-employment and/or property, you’ll no longer file just one Self Assessment return a year.
Instead, from April 2026, you’ll need to keep digital records and send updates to HMRC every three months – plus a final year-end Tax Return.
That means five submissions a year instead of one, using software that’s compatible with HMRC systems. It’s all part of the UK Government’s ‘Making Tax Digital’ (MTD) scheme
Starting from 6 April, you’ll need to create and maintain digital records of your income and expenses using software that’s compatible with HMRC’s systems. You won’t be able to do this through HMRC’s existing online Self-Assessment route.
Find out more here https://www.moneysavingexpert.com/family/making-tax-digital/
