Making Tax Digital (MTD)
Our MTD support services alongside our existing tax return services can allow quarterly submissions to be filed under the new HMRC rules.
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From April 2026, HMRC have introduced new digital reporting requirements – Making Tax Digital (MTD). These changes will affect many self- employed individuals and landlords, as the system gradually replaces the current once-a-year self assessment tax return. Under the new rules, HMRC will require digital records to be maintained and quarterly updates to be submitted during the year.
You need MTD if you are:
VAT- registered businesses
Self- employed and Landlords earning above £50,000 gross income
Our available support
Help ensure your records meet HMRC’s digital requirements
Review and submit the required quarterly updates to HMRC
Continue managing your year- end tax position
Be available if you need help with the new process
Our MTD Services
MTD Registration
We register your business for MTD with HMRC
Digital Record Setup
We help you transition from spreadsheets or paper records to compliant digital systems
Software Setup & Training
We are Gold Partners with Xero accounting software
Provide software training and support
Submissions
We prepare and submit your VAT returns directly to HMRC
We prepare and submit your quarterly self assessment filings
Frequently Asked Questions
No, not all self- employed individuals must go digital immediately. However, from 6th April 2027 individuals with turnover above £30,000 will also be required to sign up for MTD.
Under MTD for Income Tax, mandatory digital record-keeping and reporting apply only to sole traders and landlords whose qualifying income falls within the relevant thresholds set by HMRC.
No, you are not legally required to have a separate business bank account for MTD as sole trader or landlord. However, using a dedicated business account is strongly recommended. It makes it much easier to meet MTD’s digital record- keeping requirements by clearly separating your business transactions from your personal finances, helping you stay organised and reduce errors.
An accountant can help manage new, complex obligations and avoid penalties, particularly with the 2026 rollout.
- Complexity – rules require digital record keeping and quarterly submissions.
- Penalties – new points- based system applies, with potential £200 fines for missed deadlines.
- Advice – we can identify tax deductions and manage complex income sources.
Making Tax Digital (MTD) for Income Tax does apply to rental income, including income from flats and apartments.
Accounting software is required for MTD compliance. However, if you’re not comfortable using it yourself, we can manage the software and submissions on your behalf.
Quarterly updates are just reporting your figures to HMRC—they don’t create a tax bill. You only pay tax after your final annual submission.
MTD Guide
MTD Guide
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