Sole traders face November 7 deadline for tax digital update

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

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

Thousands of sole traders and landlords face a tax deadline this week. HM Revenue and Customs (HMRC) is reminding people to submit their second Making Tax Digital quarterly update by Saturday, November 7. The requirement applies to self-employed people and landlords earning more than £50,000, with the new digital reporting system becoming mandatory for them from April 6, 2026.

HMRC has highlighted several common misconceptions ahead of the submission. A quarterly update is simply a summary of income and expenses from self-employment and property, submitted using compatible software. 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 full tax return for the 2026 to 2027 tax year.

Anyone who successfully submitted their first quarterly update in August does not need to contact HMRC for confirmation. Customers can check their submission history by logging into their HMRC online account or through their Making Tax Digital software.

Sole traders face November 7 deadline for tax digital update — Image: Herts Advertiser

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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.Herts Advertiser · 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.The Comet · 3 Nov, 16:37

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