Making Tax Digital (MTD)

How we can help you with HMRC’s tax initiative.

Helping clients across multiple industries achieve real growth.

Making Tax Digital

For Individuals and Businesses
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is an initiative introduced by HMRC to help individuals and businesses maintain accurate records and reduce tax errors. 

What does MTD for Income Tax involve?

Key requirements

  1. Digital Records
    You’ll need to keep records of your business transactions in ‘functional, compatible software’.
  2. Quarterly Returns
    Each quarter, you’ll need to send HMRC a digital summary of the transactions in the software.
  3. Final Declaration Submission
    At the end of each tax year, HMRC will require an end-of-year submission to finalise your tax position.
  • Excellent advice always clearly examined and explained and regular monthly meetings are most useful. Am very pleased and continue to utilise [Davis LLP]’s services.
    Business OWNER

Who needs to comply with Making Tax Digital?

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software.

For individuals, MTD for ITSA will be introduced in two phases:

  • from April 2026, for those with a qualifying income over £50,000
  • from April 2027, for those with a qualifying income over £30,000 

Gain financial stability and profitability through expert cash flow management.

Why do you need our services?

  • Full setup and training on HMRC-compliant, MTD-ready software (it will not be possible to provide your information in a tax return submitted through HMRC’s online filing service).
  • Hands-on support with quarterly submissions and year-end filing
  • Continuous guidance to keep you fully compliant and stress-free 

To read more on MTD for ITSA, follow our blog: Making Tax Digital

Introduction

MTD for Income Tax

Who Needs to Comply?

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