MTA Explains the NEW 2026 Tax System: MTD Rules for Sole Traders & Landlords in the UK

Описание: A major shift is coming for millions of UK sole traders and landlords as the new Making Tax Digital system rolls out in 2026. In this video, MTA (My Tax Accountant) explains exactly how the new digital reporting rules will work, who must comply, and what this means for your income tax, record-keeping, and long-term financial planning. With HMRC moving to quarterly updates, compatible software requirements, and stricter real-time reporting, the 2026 framework changes how taxpayers manage their finances across the 2025-26 period and beyond.

MTA outlines how these changes affect self-employed individuals earning over the reporting thresholds, as well as landlords with multiple properties or mixed income streams. The new system aims to reduce errors, improve accuracy, and create tighter links between HMRC’s digital systems and taxpayers’ financial records. This includes greater data cross-checking, which also influences broader tax considerations such as Excepted Estates and Inheritance Tax planning for 2025-26. As more information flows directly to HMRC, families handling estates may find fewer discrepancies and clearer audit trails, which can support smoother administration and improved estate-level tax planning.

The video explains how the new 2026 process will replace many traditional elements of the annual Self Assessment system. MTA breaks down how quarterly submissions will work, what type of software will be required, what expenses can still be claimed, how landlords will need to adjust their bookkeeping routines, and how the move to real-time data may affect payment forecasts, budgeting, and cash-flow.

You will learn the differences between current obligations and the upcoming digital model, how the 2026 structure interacts with income bands for 2025-26, and which groups may benefit from early preparation. MTA also highlights how non-compliance could trigger penalties under the updated HMRC points-based system and why accurate digital records will become essential for anyone planning large financial decisions including family asset transfers, estate management, and inheritance considerations.

This video is designed for UK taxpayers searching for guidance on MTD for 2026, sole trader tax rules, landlord reporting requirements, digital bookkeeping, and how these reforms fit into wider tax obligations for the 2025-26 tax year. Whether you manage a small business, rental portfolio, or both, understanding these new rules now can help you avoid penalties, reduce tax risks, and make confident decisions.

For expert support with MTD planning, landlord taxes, and digital compliance for 2025-26, contact MTA (My Tax Accountant):

Phone: 0208 5708531
Email: [email protected]

Website: mytaxaccountant.co.uk

Disclaimer
This video provides general information only and does not constitute professional advice. Although MTA (My Tax Accountant) aims to provide accurate and current details, tax rules change and may affect individuals differently. Viewers should seek personalised advice before taking action. MTA accepts no liability for any loss arising from reliance on this content.

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