Making Tax Digital for Income Tax
What is MTD for Income Tax?
Making Tax Digital for Income Tax starts in April 2026
It applies to sole traders and landlords with annual income above £50,000
Accounting records must be kept digitally
The software used must be HMRC approved (hello Xero :-)
Quarterly returns need to be submitted online to HMRC
Penalties will be applied by HMRC for non-compliance
If this applies to you …
Ensure that you have a dedicated bank account for your business (do not mix business and personal)
Create your Xero account and learn how to use it
Start entering all your transactions digitally now
How we can help …
We can help you choose the Xero software package that is best suited for your business
We offer 1:1 tuition to help you learn how to use any Xero package, from beginner to expert
We can manage all of your Xero bookkeeping for you and make all submissions to HMRC on your behalf
Every business is unique and we tailor our packages to meet your exact requirements. Our aim is not just to keep you legal, but to actively guide you along the road to success.
Our services and fees are probably the best investment that you can make in your company.
Why compromise?
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The MTD Package
Monthly prices start @ £100 plus VAT which typically includes:
Weekly bookkeeping
Bills management with Hubdoc
Bank reconciliation
Quarterly MTD submissions
End of year HMRC submission
Final HMRC declaration - this replaces your self assessment tax return
(We look at your exact needs and can include other services such as VAT returns, payroll and foreign exchange.)