Making Tax Digital Will Redefine Freelancer Admin

[cryptohog]

One of the biggest operational shifts in 2026 is the expansion of Making Tax Digital. Sole traders and landlords earning over £50,000 will need to keep digital records and submit quarterly updates instead of one annual tax return.

This means more frequent reporting, mandatory MTD-compatible software, and far less room for last-minute tax preparation. While the first year may feel admin-heavy, quarterly reporting can offer better visibility over income, expenses, and tax liabilities.

Many freelancers will either adopt digital accounting tools or work more closely with accountants to manage the transition. Those who prepare early will find the switch far less disruptive.

[cryptoenthusiast]

late payment rules tightening is the only genuinely good news here tbh