Getting Ready for Making Tax Digital
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With Making Tax Digital (MTD) for Income Tax coming into effect this April, sole traders and landlords with incomes over £50,000 must start submitting quarterly updates to HMRC. Preparing early is key to staying compliant and avoiding last-minute stress.
From April 2026, MTD will require affected businesses to use HMRC-approved software to submit quarterly updates. Whether you’re already digital-savvy or just starting with bookkeeping software, the right tools can help you streamline your work, reduce errors, and make better financial decisions.
Key points covered:
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Who is affected: Sole traders and landlords with income over £50,000
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Software requirements: HMRC-approved accounting software is mandatory
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Registration: HMRC won’t sign you up automatically – timely registration is essential
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Exemptions: Automatic and optional exemptions may apply
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Phased rollout: Thresholds will lower in 2027 and 2028; voluntary early sign-up is possible
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Future changes: Partnerships will be included at a later date
We can help you choose the right software, provide training, register with HMRC, or handle ongoing bookkeeping and quarterly returns. Contact us to make MTD simple and stress-free.
