As you may have read in our previous MTD blogs the first stage of MTD for income tax is from April 2026. It will impact sole traders and landlords with joint income from these sources above £50,000.
MTD for Income Tax will extend to sole traders and landlords with joint income from these sources above £30,000 from April 2027 and £20,000 from April 2028.
At the start of the year we made our way through the segmentation process. All clients expected to be mandated from April 2026 were contacted earlier this year. We are now making our way through the next stage of segmentation.
We are excited to announce that we have one client going into testing soon. This is a great opportunity to get ahead of the curve and learn more before the deadlines approach. Expect us to report back on this soon!
If you have any immediate queries or think you may need our assistance please contact cat.whitten@oneaccounting.co.uk