Branch² Intelligence

Making Tax Digital for Income Tax for sole traders and landlords: step by step

UK · 2026-08-24

Key takeaway

From April 2026, sole traders and landlords earning over £50,000 must use Making Tax Digital for Income Tax.

  1. Step 1 · The triggerHMRC mandates digital tax reporting for sole traders and landlords.
  2. Step 2 · Knock-onIncreased demand for accounting software as businesses need compliant solutions.
  3. Step 3 · Reaches youHigher compliance costs for affected SMEs as they invest in necessary software.

The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.

Source: gov.uk

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This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.