HMRC's Making Tax Digital: Sole Traders Now Filing Four Returns a Year by 2026
HMRC’s Making Tax Digital (MTD) is changing the game for sole traders, and here’s what you need to know. Starting in April 2026, if you earn over £50,000, you'll need to submit four returns a year—that's right, quarterly self-assessments. Sole traders earning between £30,000 and £50,000 will follow suit in 2027.
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Planning a property move? Better budget an extra £2,500 in stamp duty from April 2025 – yes, the taxman’s coming for a bit more of your house-buying budget!
Here’s how it works: stamp duty…
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