Category: Making Tax Digital

Starting 6 April 2026, if your total income from property and self-employment is over £50,000 a year, you must stop using the old annual tax return system. Instead, you must keep digital records and send updates to HMRC every three months using special software. What is Making Tax Digital (MTD)? Making Tax Digital is the…

MTD ITSA software is a specific type of accounting or bookkeeping tool approved by HMRC that allows self-employed people and landlords in the UK to keep digital records and send tax updates to HMRC every three months. What is MTD ITSA? MTD stands for Making Tax Digital, and ITSA stands for Income Tax Self Assessment.…

Yes, you can still use spreadsheets, BUT it is no longer as simple as just typing the numbers into the HMRC website. If you are self-employed, you might currently use a simple spreadsheet to track your income and expenses. Once a year, you probably just type the totals from that spreadsheet into the HMRC website…

Making Tax Digital (MTD) is a government programme that changes the way individuals and businesses keep their records and submit tax information to HMRC. If you’re unsure how to get started, this article explains everything in simple terms. 1. How Do I Register for Making Tax Digital? To register for Making Tax Digital, you need…

The short answer is: in most cases, yes. For VAT-registered businesses, MTD is already mandatory. For self-employed individuals and landlords, MTD for Income Tax becomes mandatory from April 2026 if your income is over £50,000, and from April 2027 if it’s over £30,000. If you’re a sole trader, landlord, or run a VAT-registered business, “Do…

Making Tax Digital (MTD) is one of the biggest shake-ups in the UK tax system in decades. It’s designed to make tax administration more efficient, but for many self-employed individuals and landlords, it also raises a simple but crucial question: “How will Making Tax Digital affect me?” If you’re unsure what MTD means for you,…

The Indispensable Role of a Making Tax Digital Accountant UK tax system is undergoing a significant transformation with HMRC’s Making Tax Digital (MTD) initiative. This shift mandates that businesses and individuals maintain digital records and submit tax information using MTD-compatible software. While designed to simplify tax processes and reduce errors, navigating the complexities of MTD…

Yes, your tax return must be filed digitally if you are subject to Making Tax Digital (MTD). For all VAT-registered businesses, this is already mandatory. For self-employed individuals and landlords, MTD for Income Tax (requiring digital records and quarterly submissions) begins in April 2026 for incomes over £50,000 and in April 2027 for incomes over…

Making Tax Digital (MTD) is HMRC’s plan to move all UK tax reporting online using special software. The answer to whether it’s compulsory depends on what type of tax you pay and your income level. Making Tax Digital for VAT – Already Compulsory Yes, MTD for VAT is compulsory for most businesses right now. MTD…