MTD for Income Tax started in April 2026, so check whether it applies to you.
The threshold falls twice more by 2028, and whether you are in scope depends on a number most people calculate wrongly.
- VAT returnsFiling liveFinancial IQ files the return to HMRC from the screen where you check the nine boxes.
- Income Tax recordsLiveDigital records for self-employment and UK property, kept in Financial IQ Business today.
- Income Tax quarterly filingIn developmentSending quarterly updates to HMRC from Financial IQ is being built. Keep your records now.
The threshold falls twice more.
Qualifying income is your gross self-employment income plus your gross property income, added together, before any expenses come off.
- April 2026Over £50,000In force now
Sole traders and landlords in this first wave.
- April 2027Over £30,000
The threshold falls, bringing in a substantially larger group.
- April 2028Over £20,000
Most sole traders and landlords of any size are now in scope.
Thresholds and dates checked against HMRC guidance on 2 September 2026. Re-verify at each Budget.
It is measured on what comes in, before costs.
A landlord with £55,000 of rent and a mortgage that eats most of it is in scope. A freelancer turning over £52,000 with £20,000 of costs is in scope. Qualifying income is gross, and self-employment and property are added together before the test is applied.
Keep your digital records now,
and file VAT returns today.
This is general information and tools for you to use. For advice on your own position, speak to a qualified adviser.