Making Tax Digital: What UK Self-Employed & Landlords MUST Do Before the New HMRC Rules Hit on 6 April 2026!

Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in decades, and it will significantly impact self-employed business owners and landlords who own residential property in their personal name. If you currently submit a Self-Assessment tax return once a year, these new rules will change how and when you report income to HMRevenue & Customs (HMRC).Watchvideo version: https://youtu.be/PK4GckbgmUIStarting6 April 2026, under the new Making Tax Digitalfor Income Tax (MTD for IT) rules, millions of UK taxpayers must keepdigital records and submit quarterlyupdates using approved accountingsoftware apps listed on the HMRC website. This affects self-employedindividuals and landlords earning above the income threshold from trading orproperty.Instead of one annual tax return, you’ll submit five - four quarterly updates plus a final declaration each year.This means accurate record-keeping, more frequent reporting, and potentiallyhigher accounting and software costs for small business owners and propertyinvestors.For many landlords with residential property in their own name,especially those managing multiple rental properties, adopting digital bookkeepingsoftware will be essential. This means switching from spreadsheets or paperrecords to compliant cloud accounting platforms.HMRC say the aim of MTD is toreduce errors and modernise the UK tax system, but it also means more red tape, admin and planning for millions taxpayers.Self-employed workers andlandlords should start preparing early to avoid penalties and stay compliant when the rules fully apply.Landlordsalready hit by Section 24 taxchanges and the Renters Rights Act should seek professional advice and avoidignoring the changes which are coming next month.Making Tax DigitalContact DNS - https://www.dnsassociates.co.uk3 Steps To Success Money Management!I want to take you to the next level, help you get controlof your money, learn how to invest and become financially free. Join me online on my free live money management trainingWednesday at 7.00PM. Places are limited, so registernow below to avoid disappointment.https://bit.ly/3QPp8IHLandlords DraggedInto Section 24 TAXAs 7 million people set to pay higher rate, 40%, tax thisyear, 16,000 millionaires will leave the UK this year under Rachel Reeves taxpolicies. Watch video - https://youtu.be/zH1p2uXz4C8More landlords are being sucked into higher tax bands andpaying more tax due to George Osborne’s ‘Section 24’ tax hike.If you are a buy-to-let property landlord and help withSection 24, contact: [email protected]#tax #section24 #landlordtax #higherratetax #MoneyTipsPodcast#MakingTaxDigital #UKLandlords #SelfEmployedUK #PropertyInvesting