Branch² Intelligence

Sole traders and landlords earning more than £30,000 urged to act now

UK · 2026-10-05

Key takeaway

HMRC extends Making Tax Digital for Income Tax to sole traders and landlords with turnover above £30,000 from 6 April 2027, adding around 1,077,000 taxpayers.

  1. Step 1 · The triggerHMRC extends Making Tax Digital for Income Tax to sole traders and landlords with turnover above £30,000 from 6 April 2027, mandating digital record-keeping and quarterly updates.
  2. Step 2 · Knock-onNewly mandated taxpayers must adopt compatible software, lifting demand for accounting and tax software products.
  3. Step 3 · Knock-onThe further reduction of the threshold to £20,000 from April 2028 widens the mandated population again, sustaining software demand and advisory work.
  4. Step 4 · Reaches youSole traders and landlords face new compliance and software costs, increasing demand for accountancy and tax advisory services.

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: HM Revenue & Customs

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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.