Question 1

What is Making Tax Digital for Income Tax?

Accepted Answer

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is the UK government scheme that requires sole traders and landlords above a certain income threshold to keep digital records and send quarterly updates to HMRC, with a final declaration at the end of the tax year.

Question 2

When does MTD for Income Tax start?

Accepted Answer

From 6 April 2026, sole traders and landlords with qualifying income above £50,000 are required to comply with MTD for Income Tax. Those with income above £30,000 join from April 2027.

Question 3

Does Coflow help with MTD?

Accepted Answer

Yes. Coflow keeps digital records of your income and expenses through Open Banking, tracks your quarterly periods, and produces the figures you need for quarterly updates and the final declaration.