Making Tax Digital for Self-Employed: 2026 Deadline Approaching for Quarterly Update
- Culverhouse & Co
- 12 hours ago
- 1 min read
If you're self-employed and earning over a certain amount, Making Tax Digital (MTD)Â is set to change the way you report your income to HMRC. Rather than submitting a single Self Assessment tax return each year, eligible individuals will need to keep digital records and submit quarterly updates using HMRC-compatible software.
If you're earning more than £50,000 a year from your self-employment income, you will need to submit quarterly updates - as opposed to just an annual return.
The first of these documents is due for digital submission on 7th August 2026.
Who Is Affected?
Making Tax Digital is being introduced in phases:
From April 2026: Self-employed individuals with qualifying income of £50,000 or more
From April 2027: Those with qualifying income of £30,000 or more
From April 2028: Those with qualifying income of £20,000 or more
If your income falls within these thresholds, it's worth preparing now rather than waiting until the deadline approaches.
What Will You Need to Do?
To comply with the new rules, you'll need to:
Keep digital records of your income and expenses
Use HMRC-approved software
Submit quarterly updates to HMRC
Complete a final end-of-year declaration
Need Help with Making Tax Digital?
At Culverhouse & Co, we help self-employed individuals prepare for Making Tax Digital with practical advice, bookkeeping support and guidance on choosing compatible software.
If you're unsure how the changes affect you, get in touch with our team for expert advice and support.