Five things you need to know ahead of Making Tax Digital for Income Tax quarterly deadline

Press release published by HM Revenue & Customs on Monday, 2 November 2026 at 10:30 UK time · 2026 Burnham Labour government.

What was announced

HMRC busts five common Making Tax Digital myths ahead of the 7 November quarterly update deadline.
HM Revenue & Customs, gov.uk

HM Revenue and Customs ( HMRC ) is helping sole traders and landlords earning more than £50,000 prepare for their second Making Tax Digital ( MTD ) for Income Tax quarterly update by answering some of the most common questions raised since the first quarterly update in August.
Customers must submit their second quarterly update to HMRC by 7 November 2026.
Fact: An MTD quarterly update is not a tax return. It’s a short summary of self-employment and property income and expenses, which is sent through compatible software. There’s no tax calculation involved and no payment is due when you send it.

Each line is quoted from the original. Figures are as the publisher stated them on the day.

“Sole traders and landlords earning more than £50,000 must send their second quarterly update for Making Tax Digital for Income Tax by Saturday 7 November 2026.”
“HM Revenue and Customs ( HMRC ) is helping sole traders and landlords earning more than £50,000 prepare for their second Making Tax Digital ( MTD ) for Income Tax quarterly update by answering some of the most common questions raised since the first quarterly update in August.”
“Further information MTD for Income Tax became mandatory for sole traders and landlords earning more than £50,000 from 6 April 2026.”
“MTD for Income Tax will extend to sole traders and landlords earning more than £30,000 from 6 April 2027, and to those earning more than £20,000 from 6 April 2028.”

Topics, as GOV.UK files them: Personal tax.

Contains public sector information licensed under the Open Government Licence v3.0.