HMRC writing to 200,000 people with £3,000 fine 'if you fail to act' - Birmingham Live

Contributing sentiments towards policy:

60% : This will be in relation to their trading and property income chargeable to Income Tax and Class 4 National Insurance contributions, if their total qualifying income from these income sources for a tax year exceeds £30,000.
59% : Under the new system, businesses must send quarterly reports that follow the tax year, starting in April.
59% : Businesses, self-employed people and landlords will be required to operate MTD from 6 April 2026, This is in relation to their trading and property income chargeable to Income Tax and Class 4 National Insurance contributions, if their total qualifying income from these income sources for a tax year exceeds £50,000.
56% : The letters are being sent to those who submitted tax returns by August 31, 2025, and reported income over £50,000.
56% : From 6 April 2028, sole traders and landlords with a qualifying income over £20,000 in the 2026 to 2027 tax year, will need to use Making Tax Digital for Income Tax.
54% : HMRC are sending letters to more than 200,000 sole traders and property owners who will be required to move to the new digital tax reporting system from April 2026.
37% : " READ MORE Drivers warned car tax perk will be scrapped for 'first time' ever in UK In March 2025, the government set out plans to lower the income threshold.

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