Blog > Making Tax Digital (MTD) for Income Tax delayed until April 2026
Last updated 4 March 2025
From 6 April 2026 taxpayers who file Income Tax Self-Assessment returns for business or property, with income over £50,000 for the previous tax year, will be required to report income and expenditure digitally to HMRC using MTD (Making Tax Digital) for Income Tax compliant software.
The £50,000 threshold will reduce to £30,000 from 6 April 2027. This threshold will reduce further to £20,000 in the future, however a date for this has not been set yet.
MTD for Income Tax will require summaries of income and expenditure to be submitted digitally to HMRC every quarter. A final declaration is also required at the end of the tax accounting year to confirm income and expenditure for the year, declare any personal income and make any adjustments and claims for reliefs. This will replace the self-assessment tax return.
VT Software is currently working on implementing functionality to submit quarterly income and expenditure data to HMRC, as part of the MTD for income tax requirements. This will be available by April 2026. For more details on MTD for Income Tax see the gov.uk website.
For answers to frequently asked questions on MTD for Income Tax, see the Making Tax Digital for Income Tax page.
