The government reports that more than 436,000 sole traders and landlords have successfully sent their first Making Tax Digital for Income Tax quarterly updates for the 2026 to 2027 tax year.
Anyone who has not yet sent their first quarterly update can do so now, with no penalty for late updates this year. From September, HMRC will begin signing up customers that need to use Making Tax Digital for Income Tax for the 2026 to 2027 tax year but have yet to do so.
Who needs to submit a quarterly update?
Sole traders and landlords earning more than £50,000 have been required to keep digital records and send quarterly updates to HM Revenue and Customs (HMRC) since April 2026, with the first update covering the first 3 months of the tax year.
Those who have not yet sent their update can do so now through their recognised software. In 2026 to 2027, there are no penalty points for late quarterly updates.
Craig Ogilvie, HMRC’s Director of Making Tax Digital, said: ‘If you haven’t yet signed up, now is the time to do so. Taking action now means you stay in control, can make sure your Making Tax Digital for Income Tax details are correct from the start, and have time to choose the software that works best for you, rather than waiting for HMRC to sign you up from September.’
Where can you get help?
Guidance and support on Making Tax Digital for Income Tax are available on GOV.UK.
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The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
