New HMRC August deadline passed - taxpayers given 'act now' alert

The first quarterly update deadline has passedRory Poulter07:33, 12 Aug 2026Two groups of taxpayers have been warned they cannot afford to ignore a major new HMRC tax regime after a key deadline passed last week.‌The first Making Tax Digital quarterly update deadline was August 7, with sole traders and landlords caught by the new rules required to send details of their income and expenses to the taxman. HM Revenue & Customs has now issued a blunt warning to anyone who failed to meet the deadline. It said: “Missed the Making Tax Digital quarterly update deadline? If your combined turnover from self-employment and property was over £50,000 in the 24/25 tax year, you need to send your first quarterly update. Act now.”‌The deadline marks the first major stage in a huge overhaul of the tax syst