Making Tax Digital MTD income tax self employed

[Caddyshack]

With the 2026 income tax MTD for self employed looming it looks to be a headache waiting to happen.

I am assuming we will still pay the tax due twice per year?

It makes a lot of planning quite hard as you do not know how the rest of the year will go. I guess it will just speed up the process to a quarterly lifecycle.

[softtop]

are you talking about VAT or just your corporation tax?

[Caddyshack]

softtop said:

are you talking about VAT or just your corporation tax?

Neither. MTD came to VAT a while ago. It is now coming to the average self employed sole trader in 2026 and they will have to do a return every 1/4 and file electronic records. (According to a number of accountants). So this is pure income tax for the self employed sole trader.

From what I can see it will be a 1/4ly return but pay tax as normal.

[Eric Mc]

Huge thread already running for a number of years following the whole sorry saga.

https://www.pistonheads.com/gassing/topic.asp?h=0&...