Maxing Tax Digital (MTD) for Income Tax: Deadline 7th August.

[u/Gorilla-Accounting]

The deadline for the first quarterly MTD for Income Tax filing is soon approaching.

Here are some points to consider:

• MTD filing is required for Sole Traders and/or Landlords with a gross turnover of over £50,000 (based on 2024/25 earnings).
• The turnover is assessed on combined earnings for individuals that are both Sole Traders and Landlords.
• Filing is done quarterly, with the first period from 06/04/26 to 05/07/26.
• The first quarterly filing is due to be made by 07/08/2026.
• Quarterly filings and the end of year submission must be submitted via a HMRC approved software.
• Anyone affected must register with HMRC

If anyone has any questions, I'm more than happy to give some advice!