Income Tax MTD
Income Tax MTD is HMRC’s new digital reporting system for sole traders and landlords. If you fall within the qualifying income thresholds, you must maintain digital records, submit quarterly updates through MTD-compatible software, and complete a Final Declaration at the end of the tax year.
Why submit Income Tax on the Making Tax Digital platform?
Making Tax Digital (MTD) for Income Tax changes how often you report your business or property income. Instead of submitting your figures once a year through one Self Assessment return (SA100), you’ll send four quarterly updates that summarise income and expenses from each MTD-relevant source.
These updates follow fixed quarterly periods (normally 6 April - 5 July, 6 July - 5 October, 6 October - 5 January, 6 January - 5 April), with deadlines shortly after each period. HMRC allows certain taxpayers to use calendar quarters, but only if chosen in the software before submitting the first update of the year.
At the end of the tax year, you submit a Final Declaration by 31 January. This replaces the “annual return” element for clients whose income is fully within MTD scope. The Final Declaration consolidates all quarterly updates, applies year-end adjustments, and confirms your total tax liability for the year.
Digital Compliance
Your records, submissions, and software setup follow HMRC’s full MTD requirements.
Tax Efficiencies
Frequent reporting gives clearer visibility of estimated tax and smoother cash-flow management.
Save Time
Skip the stress and let us take care of the details, so you can focus on running your business or enjoying your free time.
24/7 Support
You’ll have direct access to your accountant whenever you need help or clarification.
