Overview
- The rule covers gross income from self-employment and property of more than £50,000, with employment income excluded from the calculation.
- Participants must keep digital records and send quarterly updates plus a year-end final declaration using HMRC‑compatible software, with free options and links for existing spreadsheets available.
- HMRC reports more than 2,000 quarterly updates submitted in testing and offers a dedicated support team to help early adopters.
- The entry threshold will drop to £30,000 in 2027 and £20,000 in 2028, bringing more taxpayers into scope.
- HMRC estimates about 780,000 people will be in scope from April 2026, with a further 970,000 from April 2027, and exemptions will be limited to cases where digital filing is impractical.