Here's a question I've been asked a lot recently: “Does Making Tax Digital actually affect me?”
And for a lot of people watching this — people with a side income from freelancing, from renting out a property, maybe from a small business alongside their regular job — the honest answer is: probably yes.
What Is MTD for Income Tax — and Who Does It Affect?
What Does “Keeping Digital Records” Actually Mean?
What You Need to Do — Starting This Week
Common Questions — and One Big Misconception
Making Tax Digital for Income Tax is not coming — it's here. If your gross self-employment or rental income is above £50,000, the 2026/27 tax year has already started, and you need to be moving on this. So register with HMRC. Choose your software. Get your records set up now. And if you use an accountant, have that conversation this week.
GovUK, Finding MTD compatible software
The post Making Tax Digital for Income Tax: What Every Sole Trader and Landlord Needs to Do From April 2026 appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
* This article was originally published here
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