Essential UK Tax & Compliance Briefing: April 2026
Welcome to the April 2026 Edition April marks the start of the 2026/27 tax year, and several significant legislative changes now take effect. These adjustments increase compliance requirements, affect business costs, and introduce higher tax rates for investment and business income. Making Tax Digital (MTD) for Income Tax – Now Live From 6 April 2026 , MTD for Income Tax Self‑Assessment now applies to anyone who is self‑employed or receiving rental income with combined qualifying income exceeding £50,000. You must now: Keep digital records of income and allowable expenses. Submit quarterly reports through MTD‑compatible software. File one final end‑of‑year submission. HMRC has confirmed a "soft landing" for the first year; no late submission penalty points will be issued for the first four quarterly updates, though the requirement to keep digital records remains legally binding from day one. From April 2027 , the regime expands to include t...