Making tax digital
Understanding the Basics and Key Dates
Learn about the essentials of Making Tax Digital (MTD), how it works, and key compliance dates based on your income level.
Introduction to Making Tax Digital
Making Tax Digital (MTD) is a HMRC plan to digitalise the UK tax system, aiming to improve efficiency, reduce errors, and simplify tax processes.
How MTD Will Work
You may be required to submit information to HMRC every three months based on your level of turnover. There is a three year phased rollout starting from April 2026.
Key Dates and Income Groups
Three groups are affected by MTD based on income:
What You Need to Do
To comply with MTD
- Record all transactions in digital software.
- Submit financial information to HMRC every three months.
- Work with us for accurate submissions.
Benefits of
Making Tax Digital
Better financial
visibility
Having a clear, comprehensive understanding of your financial situation, which helps in accurate tax reporting and compliance.
More focus on your
business
Having an accountant handle your taxes, you can dedicate more time and energy to running and growing your business.
MTD aims to streamline tax processes
Know your income group, prepare for quarterly submissions, and use recognised software to comply. We are here to support your transition to MTD. Contact us for assistance.
Contact Us
Summary of MTD
Don’t worry, there’s still time to prepare for MTD
Switch to our software whether MTD applies to you or not, as it helps us track income thresholds and manage quarterly submissions for our clients
Open a Personal Tax Account on the GOV.UK website
Start recoding your income and expenditure on software one year prior to your official MTD start date
For any issues or questions, contact us via email or phone (0344 9844 445).