From April 2026 all sole traders and landlords with a turnover of £50,000 or more will be required to join Making Tax Digital for income tax. If an individual has income from both self-employment and rental sources the turnover from both must be aggregated to determine if the £50,000 threshold has been passed.
If you are a sole trader who’s not VAT registered or a landlord these changes are likely to represent major changes to the way in which you record keep and interact with HMRC.