Making Tax Digital (MTD) is evolving, and the changes coming in 2026 will affect many UK small businesses, sole traders, self-employed individuals, and landlords. These updates mark a significant shift in how tax information is recorded and reported to HMRC. Understanding what MTD 2026 means and how to prepare is crucial for staying compliant and avoiding penalties. What is Making Tax Digital? Making Tax Digital is a government initiative designed to modernise the UK tax syst