"Affinia, the UK's fastest growing accountancy firm, is urging sole traders, landlords and small business owners to act now on "Making Tax Digital" (MTD), warning that many people who assume the rules do not apply to them could be caught by the forthcoming changes. From 6 April 2026, Making Tax Digital will apply to individuals with combined gross income over £50,000, including from self-employment and income from property. A further cohort of those with income over £30,000 will be brought in from April 2027."
"Affinia believes a large proportion of these taxpayers have yet to start preparing. Affinia says particular attention is needed for two groups. Borderline clients, typically those with income between £45,000 and £55,000, who may benefit from early conversations about legitimate and compliant ways to manage their obligations. In addition, there are property portfolio clients, who may underestimate how multiple rental properties aggregate towards the threshold, especially when combined with self-employed income."
Making Tax Digital will apply from 6 April 2026 to individuals with combined gross income over £50,000, including self-employment and property income, with a further cohort over £30,000 entering in April 2027. Combined income brings together trading and rental receipts so separate income streams can push taxpayers into scope even if each stream looks modest. HMRC estimates around four million sole traders and landlords will be captured eventually, with over 854,000 affected from April 2026. Particular focus is needed on borderline incomes (£45,000–£55,000) and property portfolios that aggregate towards the thresholds. Many taxpayers have yet to prepare.
Read at London Business News | Londonlovesbusiness.com
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