MTD Accountant London

1) Making Tax Digital (MTD) Help & Accountant Support

2) MTD for Income Tax (Self-Employed & Landlords)

3) Digital Record Keeping Requirements

4) Deadlines & Penalties

5) MTD Accountant London

Making Tax Digital (MTD) is a UK government initiative designed to modernise the tax system by requiring taxpayers to keep records and submit tax information digitally to HMRC.

Short overview:

• What it is:
  A system where businesses and individuals must keep digital tax records and send updates using approved software, instead of manual or paper-based methods. (British Business Bank)

• Who it affects:
  Mainly sole traders and landlords. From 6 April 2026, it applies to those earning over £50,000 per year (from self-employment or property). (GOV.UK)

• How it works:

  • Keep records digitally

  • Send quarterly updates to HMRC

  • Submit a final annual tax return using software (GOV.UK)

• Purpose:
  To reduce errors, improve accuracy, and make tax reporting more efficient and up to date. (Saffery)

• Future changes:
  The scheme is being rolled out gradually and will apply to more people with lower incomes in later years. (GOV.UK)

In simple terms, MTD replaces traditional tax returns with a digital, more frequent reporting system.

making-tax-digital/mtd-for-income-tax — MTD for Income Tax (Self-Employed & Landlords)
making-tax-digital/digital-record-keeping — Digital Record Keeping Requirements (What Counts?)
making-tax-digital/penalties-and-deadlines — MTD Deadlines & Penalties (What Happens If You Don’t Comply?)
making-tax-digital/software-and-setup — MTD Software + Setup Help (With Accountant Support) making-tax-digital-accountant-london/ — MTD Accountant London