Quarterly tax reporting is here – is HMRC ready?
The UK's Making Tax Digital program is set to change the self-assessment process for many taxpayers starting in April 2026. This new requirement will mandate quarterly updates of income and expenses for sole traders and landlords, which could increase tax-related stress. While the initiative aims to streamline tax affairs, many individuals fear the added complexity and emotional burden it may bring.
- ▪Starting April 2026, self-assessment will require quarterly updates for many sole traders and landlords.
- ▪The program applies to those earning over £50,000 from self-employment or rental income.
- ▪Many taxpayers report that the stress of filing taxes has made them reconsider self-employment altogether.
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Pro Quarterly tax reporting is here – is HMRC ready? Opinion By Oliver Harcourt published 3 June 2026 Making Tax Digital risks deepening tax stress When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Getty Images) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter For as long as many of us can remember, self-assessment has meant one tax return per year.
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