Making Tax Digital for Income Tax
Making Tax Digital for Income Tax is now under way. If you are a sole trader or landlord, we can check when you need to join, organise your digital records and help with your quarterly updates and annual tax return. Based in Bromley, we support clients in Beckenham, Orpington, Croydon and beyond.
What is Making Tax Digital for Income Tax?
Making Tax Digital for Income Tax changes how eligible sole traders and landlords keep records and report to HMRC. You use compatible software to maintain digital records, send quarterly updates and submit your annual tax return. The updates summarise business income and expenses; they do not replace the annual return or mean you must pay tax every quarter. We help you build a manageable routine around your business.
Who needs to use MTD, and when?
The start date depends on qualifying income in the relevant tax year, unless an exemption applies. From 6 April 2026: over £50,000 in 2024/25. From 6 April 2027: over £30,000 in 2025/26. From 6 April 2028: over £20,000 in 2026/27. Qualifying income combines gross self-employment and property income before expenses. We can check your position and help you prepare for the correct start date.
Practical MTD support, from setup to submission
Start with a free consultation. We review your income sources, records and existing software, then agree the support you need and the fees before work begins. You can stay hands-on with your bookkeeping or ask us to manage the agreed work for you.
MTD-compatible software
We help you choose and set up software that supports the MTD tasks you need. We check compatibility for record keeping, quarterly updates and the annual return, and explain any separate software costs. Receipt-capture tools can support your records, but do not necessarily submit MTD returns themselves.
Digital record keeping
We help you record income and expenses digitally and organise invoices, receipts and bank transactions. We agree how you will send information and when, so your records stay useful throughout the year.
Quarterly submissions to HMRC
We can prepare and submit your quarterly updates using your digital records, with a clear timetable for receiving your information. Updates are cumulative from the start of the tax year. We also help with the adjustments and other information needed for your annual tax return, according to the service you choose.
Acting as your HMRC agent
With your authorisation, we can act as your agent for the agreed HMRC services, help with MTD sign-up and deal with relevant correspondence. We explain what you need to approve and which responsibilities remain with you.
Ongoing advice and tax planning
We explain changes in plain English and help you understand the figures behind your business. Regular reviews can highlight missing records, upcoming deadlines and matters that need attention before year-end.
MTD ITSA for Landlords
MTD can apply whether you let one property or several. Your share of property income may need to be combined with self-employment income when checking the threshold. We help landlords organise their records, understand the reporting requirements and choose a workable system.
Organise rental income, repairs, insurance and finance-cost records, applying the correct tax treatment
Handle jointly-owned property and family arrangements correctly
Review allowable expenses and reliefs based on your circumstances
Track multiple properties separately within one MTD-compliant system
Calculate and submit quarterly updates to HMRC
MTD ITSA — Frequently Asked Questions
Could I be exempt from MTD?
Do I still need to do a Self Assessment under MTD ITSA?
What software do I need for MTD ITSA?
What counts as ‘qualifying income’?
What are the penalties for non-compliance?
Do you work with landlords outside London?
How much does your MTD ITSA service cost?
When are quarterly updates due?
Get clear on your next MTD step
Already using MTD or preparing for your start date? Bring your questions to a free consultation. We will review where you are, explain the support available and agree a practical way forward.
