Making Tax Digital for Income Tax (MTD)
If you're self-employed or a landlord, you've probably heard the term "Making Tax Digital" (MTD) floating around. It is HMRC's new system for reporting income from self-employment and rental properties.
Instead of one Self Assessment tax return a year, MTD for Income Tax means keeping your income and expenses in digital software, sending HMRC an update every three months, and then submitting one final declaration, like you used to do with your old tax return.
Who Does It Apply To?
MTD is being introduced in stages:
From April 2026 for individuals with self-employed and/or property income over £50,000.
From April 2027 for those with income over £30,000.
From April 2028 for those with income over £20,000.
HMRC will normally notify you if you need to join MTD.
What Are the Deadlines?
Instead of submitting just one tax return each year, you'll have:
Four quarterly updates during the tax year.
A final year-end submission to complete your tax position.
How We Can Help
At R Dias Accounting, we'll make MTD simple and stress-free.
We can advise on and set up a range of HMRC-compatible software solutions, helping you choose the option that best suits your business, budget, and level of bookkeeping experience. Whether you want to do some of the bookkeeping yourself or leave everything to us, we'll tailor the solution to your needs.
We'll help with:
Software selection and setup
Digital record keeping
Quarterly submissions
Year-end tax reporting
Ongoing support and advice
Our aim is to make the process as easy as possible, allowing you to focus on running your business while we take care of the compliance.
Not sure whether MTD applies to you? Contact us today for friendly advice and a tailored solution.
