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Transitioning to Making Tax Digital (MTD) for Income Tax This April

Transitioning to Making Tax Digital (MTD) for Income Tax – This April

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Transitioning to Making Tax Digital (MTD) for Income Tax This April

IMPORTANT: Making Tax Digital (MTD) for Income Tax officially takes effect from the beginning of April 2026. If you are self-employed, a sole trader, or receive income from property, it’s likely that this will affect you. Today’s guide outlines key dates, the changes, who they affect, how complying with MTD will impact your business — and how Taxfile can help new and existing clients transition quickly and easily.

What’s This About?

(Transitioning to MTD for Income Tax)

Today’s guide is about the need for many people in the UK to transition to Making Tax Digital (MTD) for Income Tax, the new and regular way of reporting income digitally to HMRC. For those affected, it replaces the traditional once-a-year tax return with 5 smaller submissions spread out through the year.

Who Does MTD for Income Tax Apply To?

MTD applies to those earning a qualifying income above a certain threshold from self-employment, property, or a combination of the two.

What is the Threshold for Participation?

Those with a qualifying income over £50k will be affected first. However, that £50k threshold for obligatory entry will reduce quite quickly, meaning people with much lower incomes will also soon be affected. Those earning a qualifying annual income as low as £20k will therefore also need to comply with MTD fairly imminently.

When Do People Need to Start Complying?

For those with a qualifying annual income over £50k in the financial year 2024-25, it’s time to get on board with MTD for Income Tax right away — MTD digital record-keeping is required from early April 2026. For them, their first quarter’s digital submission to HMRC is then required no later than 7 August.

Others with lower incomes will soon follow suit, with those receiving qualifying annual incomes over £30k starting in April 2027, and those over £20k in April 2028. It’s anticipated that those in partnerships will also soon need to comply (date TBA).

While this represents a change in how tax information is reported, Taxfile’s goal is to ensure the transition is as easy as possible. We want you to feel free to continue delivering your services to customers as usual, while we handle all the MTD ‘heavy lifting’ for you.

Connect With Us to Get Started

with MTD for Income Tax

Taxfile’s tax agents are currently reaching out to new and existing clients to assist with this transition. Existing clients should expect to hear from their dedicated agent by the 25th of March 2026. If your annual turnover is above £50,000 and you have not heard from your Taxfile agent by that date, or are a new customer looking to begin your MTD journey, please contact us immediately so we can ensure you remain compliant.

020 8761 8000 Book Appointment

(or contact your dedicated tax agent directly if you are an existing client).

What Do You Need to Do?

To keep your records compliant and up to date, we require your financial data in a digital format:

  • Bank Statements: Please provide these as CSV or Excel digital downloads.
  • Cash Transactions: If you handle cash, please provide receipts or a clear digital record.
  • Business Bank Accounts: We strongly recommend using an account purely for business. Having little to no personal transactions therein will make tracking business income and expenditure much easier.

Personal Support & Reassurance from Taxfile

We understand that not everyone is comfortable with new technology. If you do not have a laptop, a home computer, or a banking app that provides downloads, please do not worry. You are more than welcome to sit with us each quarter to go through your records in person.

Ultimately, we will provide HMRC with the necessary transaction list that reflects your taxable earnings and relevant costs. We view this as a simplification; by filing on a real-time basis throughout the year, we all avoid the stress of a single year-end deadline.

Taxfile Fees

Taxfile will not be charging extra fees for this service. We will simply divide our usual annual self-assessment tax return fee into four equal instalments to help manage your cash flow.

Quarterly Deadlines

Please note the following periods and the deadlines by which you must submit your data to HMRC:

Accounting Period*HMRC Submission Deadline
6 Apr – 5 Jul OR 1 Apr – 30 Jun*7 August
6 Jul – 5 Oct OR 1 Jul – 30 Sep*7 November
6 Oct – 5 Jan OR 1 Oct – 31 Dec*7 February
6 Jan – 5 Apr OR 1 Jan – 31 Mar*7 May

* (Your business accounts may be based on dates either from full calendar months e.g. starting from 1 April, or months based on the Financial Year, which starts on 6 April).

We very much look forward to hearing from — and seeing — our customers more regularly. The Taxfile team is here to support you every step of the way.

Get Started

Get in touch to start your transition to MTD for Income Tax today:

020 8761 8000 Book Appointment

(or contact your dedicated tax agent directly if you are an existing client).

 

Final day to submit your Self-Assessment tax return

31 January is the Tax Return Deadline!

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31 January was the Self-Assessment tax return deadline!

[As at 31 January 2026]: 31 January 2026 was THE FINAL DEADLINE by which you needed to file your Self Assessment tax return with HMRC. If you missed the 11.59 pm deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Interest will also be charged from 1 February if tax is not paid by midnight on 31 January (rules apply).

Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and submitting your tax return simple!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Saturday 31 January by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

1 day left to submit your tax return!

1 Day to the Self Assessment Tax Return Deadline!

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1 day to the self-assessment tax return deadline!

[As at 30 January 2026]: There is only 1 day left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Saturday 31 January by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

2 days left to the tax return deadline!

2 Days to the Self Assessment Tax Return Deadline!

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2 days to the self-assessment tax return deadline!

[As at 29 January 2026]: There are only 2 days left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Saturday 31 January by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

3 days left to file your Self Assessment tax return

3 Days to the Self Assessment Tax Return Deadline!

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3 days to the self-assessment tax return deadline!

[As at 28 January 2026]: There are only 3 days left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Saturday 31 January by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

4 days left to file your Self Assessment tax return

4 Days to the Self Assessment Tax Return Deadline!

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4 days to the self-assessment tax return deadline!

[As at 27 January 2026]: There are only 4 days left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Saturday 31 January by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

5 days left to file your Self Assessment tax return

5 Days to the Self Assessment Tax Return Deadline!

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5 days to the self-assessment tax return deadline!

[As at 26 January 2026]: There are only 5 days left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Saturday 31 January by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

6 days left to submit your Self-Assessment tax return!

6 Days to the Self Assessment Tax Return Deadline!

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6 days to the self-assessment tax return deadline.

[As at 25 January 2026]: There are only 6 days left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here

We’ll make filling in and filing your tax return a breeze!

We’re open 7 DAYS A WEEK this week (Sunday 25 January 10 am-5 pm by appointment*). Don’t leave it to the last minute, though, as there is always a bottleneck — come in as soon as you can, please, for professional help with filing of your tax return. We’ll require your records, figures and receipts for the financial year 6 April 2024 to 5 April 2025. Plus any previous years not yet submitted, if applicable.

* As well as a face-to-face meeting, we can do a ‘virtual’ meeting with you, for example, on a telephone call, using Zoom video, Microsoft Teams, FaceTime, WhatsApp, Google Hangouts — or whatever suits you best.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return if you’re self-employed or fall into a number of other categories.

020 8761 8000 Book Appointment Get Started Here

* Please note: in busy times like January, a deposit may be required before appointments commence.

1 week to the self-assessment tax return deadline!

1 Week to the Self Assessment Tax Return Deadline!

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1 week to the self assessment tax return deadline!

[As at 24 January 2026]: There is only 1 week left to file your Self Assessment tax return and pay any tax due by HMRC’s 31 January deadline. If you miss that deadline, you risk a £100 HMRC fine right away plus other significant penalties thereafter. Time is running out, so contact Taxfile for help with your tax return as soon as possible please. Book an appointment* with one of our helpful tax advisors and accountancy experts TODAY and we’ll make filling in and filing your tax return easy!

020 8761 8000 Book Appointment Get Started Here
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Taxfile is open this Sunday 25 January 2026 as well as Mondays to Saturdays throughout the month.

We’re Open on Sunday 25 January 2026 — Beat the Tax Return Deadline!

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Taxfile is open this Sunday 25 January 2026 as well as Mondays to Saturdays throughout the month.

With the self-assessment tax return deadline almost upon us, we are opening our Tulse Hill office* this Sunday, 25 January 2026, from 10 am to 5 pm by appointment. That’s in addition to Saturdays, which will remain open, by appointment, for the remainder of January (9 am-5 pm on 24 January) and, of course, weekdays opening hours as usual (see footer). A weekend appointment may be the perfect opportunity to discuss your tax return with us or bring in figures and records without having to disturb your working week. Weekend time slots are limited, though, so please book a free 20-minute appointment as soon as possible if you’d like to visit.

Remember: the tax return deadline is 31 January at 11:59pm and there are penalties for being late.

020 8761 8000 Book Appointment Tax Return Help
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