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Making Tax Digital Deadline Approaches | Leeds News
Big deadline alert: 864,000 UK sole traders and landlords must submit their first Making Tax Digital quarterly return by August 7. This isn’t your final tax return — it’s just the start. If you earn over £50k from side hustles or rentals, you’re already in, but the threshold drops to £30k by April 2027 and £20k by April 2028. HMRC is offering a “soft landing” — no penalties for missing this first deadline — but don’t get complacent. Next year, missed deadlines earn penalty points, and four points trigger a £200 fine. HMRC Assist tools can help catch errors, but accuracy remains your…
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