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Plain-English writing on Making Tax Digital for Income Tax.
Nobody is going to be fined for a late MTD update this year
HMRC confirmed a first-year easement: no penalty points for late quarterly updates in 2026/27. Almost every published guide still says otherwise. What the easement covers, what it does not, and what changes in 2027/28.
Making Tax Digital is quietly good for landlords, and nobody wants to say so
The honest case for MTD: cumulative updates that self-correct, knowing your tax position four times a year, the end of the December shoebox, and a first year with no penalty points. Plus the real costs.
The MTD threshold trap: gross income, not profit
The MTD threshold is tested on gross income before expenses, so a heavily mortgaged landlord making nothing can be mandated while a profitable one is not. Worked examples, joint ownership and side hustles.