From 1st April 2026 all sole traders and BTL property owners with joint sales-rental income above £50k per tax year will need to file quarter returns with HMRC showing Sales-Rents received and expenses. The first quarter will be April, May, June 26 and it will need to be filed digitally by the 7th Aug 2026.
This is the biggest change to tax and filling in many generations.
From 1st April 27 the threshold for sales -rental income will fall to £20k per year, bringing many more clients into the regime