General information only, not advice for your circumstances. Please talk to us before acting.
Dates
- From 6 April 2026: qualifying income over £50,000
- From 6 April 2027: qualifying income over £30,000
What changes
You keep digital records in compatible software, send a summary of income and expenses to HMRC every quarter, and finalise the year with a final declaration by 31 January.
Getting ready
- Work out your qualifying income from self-employment and property
- Choose software, or ask us to recommend one
- Separate business and personal bank accounts
- Decide whether you or we will submit the quarterly updates
