Making Tax Digital

Making Tax Digital (MTD) is a UK government initiative aimed at transforming the tax system by moving it fully online. Under MTD, individuals and businesses must keep digital financial records and submit their tax information using MTD-compatible software.

MTD is being introduced in stages, and it is currently mandatory for all VAT-registered businesses.

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MTD for Income Tax

The next phase of MTD will apply to self-employed individuals and landlords with qualifying income above certain thresholds:

E From April 2026: Income over £50,000 per year
E From April 2027: Income over £30,000 per year
E From April 2028: Expected to include those with income over £20,000 per year

Directors and MTD

If you are a company director and your only income is from salary and dividends, you will not be required to register for MTD for Income Tax. You will continue to report your income through the Self Assessment tax return process as usual.

How We Can Help

Navigating the transition to Making Tax Digital can be challenging — but you don’t have to do it alone.

Our team can:

E Help you choose and set up MTD-compatible software
E Ensure your records and submissions meet HMRC requirements
E Provide ongoing support and guidance to keep you compliant
E Free Xero set up with our bookkeeping packages

Expert Support Every Step of the Way

They have been instrumental in helping me grow my portfolio to 13 properties over the past seven years. Their expert advice on tax-efficient purchasing and allowable costs has been invaluable. They’re always available, approachable, and incredibly helpful.

Expert Support Every Step of the Way

They have been instrumental in helping me grow my portfolio to 13 properties over the past seven years. Their expert advice on tax-efficient purchasing and allowable costs has been invaluable. They’re always available, approachable, and incredibly helpful.

Expert Support Every Step of the Way

They have been instrumental in helping me grow my portfolio to 13 properties over the past seven years. Their expert advice on tax-efficient purchasing and allowable costs has been invaluable. They’re always available, approachable, and incredibly helpful.