Sole traders must submit Making Tax Digital update by November 7

Summarised from 2 outlets · Updated 3 Nov, 17:16 · Archive

Sole traders and landlords earning over £50,000 must submit their second Making Tax Digital quarterly update to HMRC by Saturday, November 7.

Sole traders and landlords earning more than £50,000 face a deadline this week to submit their second Making Tax Digital quarterly update to HMRC by Saturday, November 7. This follows the first quarterly update submitted in August.

HMRC has clarified several common misconceptions about the process. An MTD quarterly update is simply a summary of income and expenses from self-employment and property, submitted using compatible software. Crucially, there is no tax calculation involved and no payment is due when the update is sent. Customers' overall tax position will only be calculated when they submit their tax return for the 2026 to 2027 tax year.

The new digital reporting system is becoming mandatory for sole traders and landlords earning over £50,000 from April 6, 2026. Those who successfully submitted their first quarterly update in August do not need to contact HMRC for reassurance. Instead, they can check their submission history by logging into their HMRC online account or through their Making Tax Digital software.

Sole traders must submit Making Tax Digital update by November 7 — Image: Cambs Times

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How it is being reported

£50,000 earners face major tax change this week HMRC explains what happens nextHMRC has issued five important reminders to sole traders earning over £50,000 ahead of the November 7 Making Tax Digital quarterly update deadline.Cambs Times · 3 Nov, 16:37
£50,000 earners face major tax change this week HMRC explains what happens nextHMRC has issued five important reminders to sole traders earning over £50,000 ahead of the November 7 Making Tax Digital quarterly update deadline.Ely Standard · 3 Nov, 16:37

In this story: HMRC · Making Tax Digital

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