Making Tax Digital for Income Tax (MTDfIT) From April 2026, this new HMRC digital quarterly reporting requirement, will affect individuals with qualifying income of £50,000 or more. Last updated: 25 September 2025 The Musicians' Union, in partnership with Muscians' Tax Advisor, will provide as much information and resources as we can to help prepare our freelance members in advance. What is MTD? 'Making tax digital' is the new requriment around digital record keeping, quarterly reporting, and submissions to HMRC. Why is this being done? This program is part of the UK Governement strategy to modernise and simplfy the UK tax system. Who will be affected? Self Employment individuals and those with Land & Property income. We understand learning new software and ajusting to regualr reporting will have it's challenges, please review the information and resources we provide below. Digital Records : Defining a digital record for MTDfIT purposes Quarterly Reporting : Find out what you need to report and when Timeline : Phased rollout determined by your qualifying income Digital Records Understand the HMRC definition of digital records, and which accounting or bridging software is HMRC approved. View HMRC guidance on choosing the right software Find software that works with Making Tax Digital for Income Tax 1. Set-up and learn how to use your chosen software. 2. Start using new software for your digital record keeping (income & expenditures). View HMRC guidance on digital records 3. What if you use spreadsheets? You will need compatible bridging software to connect your spreadsheet to HMRC portals. Quarterly Reporting A primary component to this new reporting is the ongoing administration, you will need to make quarterly (every three months) digital submissions. These will be in addition to your annual tax return submission which will now be known as your Final Declaration. Ensure you understand your individual requirementsthese will be in addition to your annual submission, ensure you understand your individual requirements. Final Declaration (replacing SATR) will be due by 31st January. You will need to make additional updates if you have other trades and/or land & property income. View HMRC MTD step-by-step guidance Timeline From 2026: £50K+ income From 2027: £30K+ From 2028: £20K+ View HMRC MTD policy, important dates and information