HMRC issues tax warning to workers and landlords with new rule now in force

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HM Revenue and Customs (HMRC) is contacting workers across the UK to remind them about major changes to tax reporting rules as Making Tax Digital for Income Tax becomes a legal requirement from April 6, 2026.Self-employed people and landlords with turnover exceeding £50,000 in the 2024/25 tax year will be the first group required to comply with the new system.HMRC said: "If you're a sole trader or landlord without an accountant or bookkeeper, register for this webinar for the latest information about MTD, to help you get ready for when MTD for Income Tax, which is now a legal requirement from April 6, 2026, for those with a turnover over £50,000."The introduction of Making Tax Digital represents a significant change in the way self-employed workers and landlords report their income to HMRC.

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TRENDING Stories Videos Your Say Instead of completing a single self-assessment tax return at the end of the tax year, affected taxpayers will be required to submit quarterly updates through...

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