Act now with one week to MTD deadline
Thousands of self-employed workers and landlords have a week left to file their first quarterly update under the new Making Tax Digital scheme, with the Association of Taxation Technicians (ATT) saying it’s not too late for those affected to sign up.
August 7 is the first filing deadline under MTD, with individuals with annual turnover from a self-employment and/or property above £50,000 now required to keep digital records and submit quarterly updates and tax returns using compatible software.
While there will be no penalties for late filing of quarterly updates in the first year, keeping on top of filing deadlines is important to ensure taxpayers stay compliane and don’t become overwhelmed.
Income tax has already raised £183 billion in 2026,1 with 17% (£32 billion) coming from Self-Assessment. While the ATT emphasises that not all of this revenue will fall within MTD, it is also urging those affected to ensure they are prepared to file ahead of next Friday.
Emma Rawson, ATT Director of Public Policy, said:
“Making Tax Digital is one of the biggest changes to the tax system in years, affecting an initial 864,000 taxpayers this year, with around two million more set to join in the next few years.
“With just one week to go until the first filing deadline, it is reassuring to see many people have already registered, or even completed their quarterly update. For those who have not, now is the time to act – read up on the rules, make sure you have the right software in place and seek advice if you need it.”
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