Chapter 7

Self-employed tax and Making Tax Digital

Learn about upcoming changes to the way self-employed people and landlords manage their income tax payments.

Self-employed tax and Making Tax Digital

Did you know that self-employed tax is going digital?

As part of the government’s plan to digitalise the UK, HMRC has announced changes to the way the self-employed and landlords do their self assessment for income tax. Making Tax Digital for Income Tax comes into effect in April 2026.

To comply with the new MTD for Income Tax rules, self-employed people and landlords earning over £50,000 a year will need to use compatible software to keep digital records and submit returns to HMRC.

Instead of one annual self assessment return, you will need to submit quarterly updates and a Final Declaration.

Find out more about how self assessment is changing and learn everything you need to know about Making Tax Digital for the self-employed. Or, to learn more about Making Tax Digital for Income Tax, visit our MTD for Income Tax resource hub.

Disclaimer

Xero does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided.

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