Get Ready for Making Tax Digital for Income Tax
MTD is coming for landlords and self-employed individuals. We’re here to help you stay compliant, make the switch seamlessly, and benefit from going digital.
DEADLINE
What is MTD for Income Tax – and When Do You Need to Act?
MTD for Income Tax is a government initiative that will change the way individuals report and manage their tax affairs.
From 6 April 2026, self-employed individuals and landlords earning over £50,000 will need to:
• Keep digital records
• Use MTD-compatible software
• Submit quarterly updates to HMRC
• Complete a final end-of-year submission
From April 2027, this will extend to those earning over £30,000, and will extend again to £20,000 in April 2028.
If this applies to you, it’s essential to start preparing now to avoid disruption later.
MORE INFOMATION
Benefits to you
Why MTD IT Could Actually Make Life Easier
While MTD may seem like extra work, it also offers several advantages:
• Real-time tax visibility: Regular updates mean fewer surprises when it comes to your tax bill.
• Better record-keeping: Digital tools reduce the risk of errors and lost information.
• Time-saving automation: MTD-compatible software can automate tasks like bank statement retrieval, and expense categorisation.
• Financial clarity: Regular reporting helps you understand your income trends and manage cash flow more effectively.
• Improved compliance: Staying on top of your records makes it easier to remain compliant and avoid penalties.
Our Support
How We Can Help You Every Step of the Way
• Recommend software: We’ll guide you to the right digital tools for your business.
• Train and onboard you: Need help using new software? We’ll walk you through it.
• Manage submissions: We can handle quarterly and annual submissions on your behalf, so you never miss a deadline.
• Ongoing advice: As rules evolve, we’ll keep you informed and ready.
You don’t need to figure it all out alone — we’ve got you covered.
Ongoing Guidance
Stay Informed as the Rules Evolve
We’re closely following all developments related to Making Tax Digital for Income Tax. As the deadline approaches and details become clearer, we will:
• Keep you updated via email and social media announcements
• Provide resources and checklists to help you prepare
• Update this page regularly with the latest information
Watch this space and look out for direct communications from us as we guide you through this transition.
Making Tax Digital
FAQs
Who needs to comply with MTD for ITSA?
From April 2026, self-employed individuals and landlords with gross annual income over £50,000. From April 2027, this will include those earning over £30,000, and from April 2028 it will be £20,000.
What counts as digital record-keeping?
You must use HMRC-approved software to record income and expenses, and to submit your updates.
Can I still use spreadsheets?
Technically yes — but it may not be optimal. While spreadsheets can be used alongside “bridging software” to meet MTD requirements, this approach is often clunky, time-consuming, and prone to errors.
Using full MTD-compatible accounting software is far more efficient, streamlining your records, automating tasks, and giving you a clearer view of your finances — while ensuring full compliance.
How often do I need to report to HMRC?
You’ll need to send updates every quarter, plus a final end-of-year statement.
