HMRC is set to issue £10 fines EVERY DAY for taxpayers who fail to follow new Making Tax Digital rules. Taxpayers who fail to follow new guidance from April 2026 are at risk.

From 6 April 2026, self-employed people and landlords earning above £50,000 will need to keep digital records of income and expenditure.Speaking to Accountex, accountant and owner of Swift Tax Refunds , Robert Jones, said: “From April 2026, self-employed individuals and landlords earning over £50,000 will need to start submitting quarterly updates to HMRC under Making Tax Digital.

"The first of those deadlines, covering income and expenses from 6 April to 5 July, falls on 7 August. Missing it could trigger serious financial consequences. Failing to file a return on time results in a £100 fine straight away.

REA

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