What Sole Traders and the Self-Employed Need to Do Before It’s Too Late
Making Tax Digital for Income Tax replaces annual self-assessment with four quarterly updates and a final declaration. Sole traders and landlords adopt it in phases based on income: over ยฃ50,000 from April 2026, over ยฃ30,000 from 2027, and over ยฃ20,000 from 2028. Limited companies are unaffected, but others need compliant software and early accountant support.
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