Making Tax Digital (MTD) for Income Tax Self Assessment is one of the biggest changes to the UK tax system in decades. Starting from April 2026, eligible self-employed users with qualifying income over the MTD threshold will need to keep digital records and submit quarterly updates to HMRC. Qualifying property income can also count towards that threshold.
What is MTD for Income Tax?
MTD requires you to use compatible software to keep digital records of your business income and expenses. Instead of filing a single Self Assessment return at the end of the year, you will send quarterly updates to HMRC summarising your income and expenses.
Key Deadlines
- - April 2026: MTD becomes mandatory for those with qualifying income over the threshold.
- - Quarterly Updates: Due by the 7th of the month after each quarter ends (August 7, November 7, February 7, May 7).
- - End of Period Statement: Confirms your quarterly updates are complete.
- - Final Declaration: Replaces the traditional Self Assessment return, due by 31 January following the tax year.
How Vecti Helps
Vecti is built for MTD. Track your income and expenses throughout the year, and where the HMRC submission feature is enabled in your version of Vecti, send your quarterly update directly to HMRC from the app. No spreadsheets, no last-minute scrambles.
What You Need to Do Now
- Sign up for MTD through your HMRC online account.
- Start keeping digital records — Vecti handles this automatically as you log income and expenses.
- Connect your HMRC account in Vecti's settings to enable direct submissions.
The transition may feel daunting, but with the right tools it is straightforward. Vecti was built from the ground up for MTD compliance.