Taxpayers are being urged to prepare for the next stage of the Making Tax Digital (MTD) roll-out. The MTD program, which began with VAT in 2019, will enter its next phase for income tax in April 2026. The shake-up will change how some taxpayers maintain their accounting and tax records and how they transact and communicate with HMRC. Craig Ogilvie, director of Making Tax Digital at HMRC, described the MTD as the biggest transformation since self-assessment was introduced in 1997. From next year, sole traders/landlords with a gross trading/rental income of £50,000 (before any tax expenses) must comply with MTD for Income Tax requirements.