Making Tax Digital Deadline Approaches | Leeds News

Big deadline alert: 864,000 UK sole traders and landlords must submit their first Making Tax Digital quarterly return by August 7. This isn’t your final tax return — it’s just the start. If you earn over £50k from side hustles or rentals, you’re already in, but the threshold drops to £30k by April 2027 and £20k by April 2028. HMRC is offering a “soft landing” — no penalties for missing this first deadline — but don’t get complacent. Next year, missed deadlines earn penalty points, and four points trigger a £200 fine. HMRC Assist tools can help catch errors, but accuracy remains your responsibility. Experts warn the real challenge will come when more low-to-mid earners, possibly without software or accounting support, are pulled into the system. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b8cbb366375e7bd5