Fintech & Regulations•September 5, 2026
HMRC Expands Making Tax Digital (MTD) Mandate to Sole Traders Above £30,000
HM Revenue & Customs has confirmed that self-employed workers with gross annual business income over £30,000 must begin quarterly digital submissions starting April 2027.
Official Press Release
HMRCUK TaxMaking Tax DigitalFreelanceSole Trader
The UK HM Revenue & Customs (HMRC) has published finalized operational timelines for the rollout of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA).
Sole traders and unincorporated freelancers with annual turnover exceeding £30,000 will be legally required to maintain digital accounting records and submit four quarterly summary updates directly through approved accounting software, eliminating annual paper tax returns.
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