6 April 2027: New tax year, and Making Tax Digital extends
6 April 2027: the 2027/28 tax year begins, new rates and thresholds apply, and Making Tax Digital for Income Tax extends to sole traders and landlords with qualifying income over £30,000.
Who it applies to
Everyone for the new rates. For Making Tax Digital: sole traders and landlords whose combined self-employment and property income was over £30,000 in the 2025/26 return, joining those over £50,000 who started in April 2026. A further stage for income over £20,000 is set for April 2028.
What has to happen
Under Making Tax Digital for Income Tax you keep digital records and send HMRC a summary every quarter from compatible software, then a final declaration after the year end, instead of one annual return. FreeAgent, which is included with Buzz, is compatible.
If you miss it
Late quarterly updates earn penalty points, and a fixed penalty once the points threshold is reached. Source: gov.uk and Companies House guidance, checked September 2026.
What to do
Check whether the £30,000 line catches you, and if it does, be on compatible software with the bookkeeping up to date before 6 April 2027.
