Multiple income streams
If you're a director drawing dividends, a landlord with rental income, or running a side business alongside a job, HMRC needs all of it reported together — and it's easy to miss something or under-report.
Who we help
Directors, landlords, side-hustlers — if you've got income HMRC doesn't automatically tax through payroll, you need a Self Assessment return. And if you're above the new MTD threshold, the way you file is changing too.
ICAEW Chartered Accountants · Practice established in the 1970s · See our firm details
Reviewed by Krishna Prasad Dahal FCCA, ACA (ICAEW), FCA (ICAI India)
If you're a director drawing dividends, a landlord with rental income, or running a side business alongside a job, HMRC needs all of it reported together — and it's easy to miss something or under-report.
Making Tax Digital for Income Tax now applies if your gross income from self-employment and property is over £50,000, with lower thresholds phasing in from April 2027. If that's new to you, you're not alone — most of the directors and landlords we speak to hadn't heard of it until it applied to them.
Nobody wants a surprise invoice for a tax return. You want to know the cost before you commit.
Common questions
It depends on your income for the tax year. Self-employment income over £1,000, rental income, and some untaxed or dividend income are common reasons. From 2024 to 2025, a high salary taxed through PAYE no longer means you must file on its own. HMRC's online checker confirms it for you, or ask us and we'll tell you.
It's HMRC's move to digital record-keeping with quarterly updates, alongside a year-end return. From 6 April 2026 it applies if your gross self-employment and property income was over £50,000 on your 2024 to 2025 return, falling to £30,000 from April 2027 and £20,000 from April 2028. Salary and dividends don't count towards the threshold.
Corporation Tax is your company's tax. Self Assessment is separate — it's your personal tax return, covering salary, dividends, and any other personal income.
Ready to get your tax sorted?
Annual Self Assessment from £149, or ongoing MTD for Income Tax support
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