Everything you need to know about Making Tax Digital
Heads up, instructors: Making Tax Digital (MTD) is coming!
The first deadline for MTD is fast approaching, and we want to make sure you’re prepared for the upcoming changes to how you manage your taxes.
Does this apply to you?
MTD for Income Tax is being phased in based on your gross income (your total earnings before expenses) from self-employment or property:
April 2026: Mandatory if you earn over £50,000.
April 2027: Mandatory if you earn over £30,000.
April 2028: Mandatory if you earn over £20,000.
Note: If you are below these thresholds, you can continue using the standard Self-Assessment process for now, though you can choose to opt-in early if you prefer!
What’s next?
The first submission deadline is 7th August 2026 but the process and the move to digital doesn’t have to be daunting. You can register online right now to get ahead of the curve.
If you’re looking for a step-by-step guide to help walk you through the process, HMRC has created a Making Tax Digital for Income Tax for Businesses guide, which you can find here.
To keep things simple, ensure you have these two primary pieces of information ready for your first submission on the 7th August:
– Total Business Income (all your class fees and earnings).
– Total Business Expenses (equipment, music subscriptions, travel, etc.).
Support is on the way!
We have partnered with Debbie Bailey, financial strategist and EMD UK webinar guest, to create a series of dedicated MTD modules for EMD UK Pro and Pro Enhanced members!
These will be going live w/c 13th July and will be hosted in our EMD UK Resource Hub so make sure to sign up for EMD UK Pro or Pro Enhanced membership before they go live to be able to access them! Designed specifically to support fitness professionals through this transition, they’ll provide all the information you need to know to help you transition to MTD.
Keep an eye out on our social channels for the launch and for sneak previews of what you can expect from Debbie’s full course.
