Making Tax Digital for Income Tax Self-Assessment - what you need to know

HMRC were bringing in new regulations for all individuals to submit Income Tax Self-Assessment returns, who have income from property from April 2024, but this has now been delayed until April 2026.

These changes were expecting all individuals who received gross rental income over £10,000 to follow the new regulations, but this threshold has also been changed. From April 2026 all individuals who have gross rental income over £50,000 will fall into Making Tax Digital for ITSA, and from April 2027 the threshold will be reduced to £30,000. This will have a significant impact both on how you keep records of your income and expenses, as well as how you submit this information to HMRC. Download this PDF to find out more.

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