Description
Making Tax Digital for Income Tax is live from 6 April 2026. Sole traders and landlords with gross income over £50,000 must now keep digital records and submit quarterly updates to HMRC — four times a year instead of once.
This 24-page guide answers every question — without jargon, without filler, and without the £150–300 hourly rate of an accountant’s call.
What’s inside
- Section 1 — Eligibility Check: The three-phase rollout. How to calculate qualifying income. Five real-life scenarios with verdicts (including the gross-vs-profit trap that catches most people).
- Section 2 — What Changes: Five things that change, four things that don’t. The honest upside of setting up properly.
- Section 3 — Deadlines: The full 2026–27 quarterly calendar. Exactly what goes in each submission. The soft landing and its limits.
- Section 4 — Penalties: The points-based system explained. Late payment penalties (separate and more expensive). The £3,000 record-keeping penalty. Three real penalty scenarios.
- Section 5 — Choosing Software: All-in-one vs bridging vs accountant-managed. What a “digital link” actually means. Five questions to ask before subscribing.
- Section 6 — 30+ Q&A Scenarios: Builders, landlords, joint owners, PAYE+freelance, Ltd company directors, cash traders, new starters, holiday lets, Excel users — every edge case answered.
- Section 7 — Action Checklist: Dated steps from now through 31 January 2028. Critical tasks flagged. Set-and-forget calendar structure.
- Section 8 — Where to Get Help: Official HMRC links with direct URLs. What to ask a new accountant. Community resources.
Who this is for
- Sole traders with gross turnover over £50,000 in 2024–25
- Landlords with gross rental income over £50,000 (before any costs)
- Anyone with combined self-employment and rental income over £50,000
- Anyone who has received — or expects — a letter from HMRC about MTD
What you get
- 24-page PDF guide — instant download after purchase
- Based on HMRC guidance current at April 2026
- Free updates if HMRC makes material changes
- No subscription, no account required
Disclaimer: This guide is for general information purposes only. It is not legal or tax advice. Information reflects HMRC guidance at April 2026 and is subject to change. Always verify against current GOV.UK guidance before taking action. ThriveOnz360 accepts no liability for decisions made in reliance on this guide.