On 6 April 2026, MTD will be extended to self-employed individuals and landlords with business and/or property turnover or gross income over £50,000 annually – this is your profits before the deduction of allowable expenses.

MTD will apply to those with an income of between £30,000 and £50,000 from April 2027. All UK residents who are registered for self-assessment before 6 April 2025, and who also meet the income threshold, will need to sign up and declare domestic and foreign earnings. If you are living abroad, however, you only need to use MTD to declare income made in the UK.

MTD will replace the current self-assessment system, which involves submitting an online or paper form to HMRC annually. Instead, you’ll need to file digital updates every three months. Once you have submitted your quarterly summary, you will get an estimate of the tax due, but you won’t have to pay it until the usual 31 January deadline of the following calendar year.

A final report will need to be sent by 31 January, either through your MTD software or via a self assessment tax return. At this point, your final tax bill for the year will be calculated.