#2026/356The Finance (No. 2) Act 2017, Sections 60 and 61 (Digital Reporting and Record-Keeping) (Appointed Day and Revocations) Regulations 2026
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These regulations appoint 25 March 2026 as the day on which key digital reporting and record-keeping provisions in Sections 60 and 61 of the Finance (No. 2) Act 2017 come into force. They revoke several earlier sets of regulations that had previously appointed different commencement dates for Making Tax Digital (MTD) for Income Tax Self Assessment. The instrument is made under powers granted by the 2017 Act and references an amendment made by the Finance Act 2026. This marks the final legislative step to activate mandatory digital quarterly updates and electronic record-keeping for affected taxpayers.
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Key Changes
- Appoints 25 March 2026 as the official appointed day for Sections 60 and 61 of the Finance (No. 2) Act 2017
- Revokes all earlier Making Tax Digital (MTD) appointed day regulations
- Brings mandatory digital quarterly reporting and electronic record-keeping into legal force from 25 March 2026
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Obligations
What this law requires
Implement mandatory digital quarterly updates for Income Tax Self Assessment reporting from 25 March 2026
Maintain electronic records in accordance with Section 61 of the Finance (No. 2) Act 2017 from 25 March 2026 onwards
Cease compliance with previous commencement dates appointed by revoked regulations (prior MTD staging regulations)
Transition from previous digital reporting arrangements to the new framework established by Sections 60 and 61 on or before 25 March 2026