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Making Tax Digital for Income Tax – What You Need to Know
From 06 April 2026, HMRC are introducing Making tax digital (MTD) for income tax.
MTD income tax requirements will apply to those who receive gross income from self employment and / or property over a certain threshold.
- From April 2026, those with gross income of over £50,000 are mandated
- From April 2027, those with gross income over £30,000 are mandated
- From April 2028, those with gross income over £20,000 are mandated
This income threshold is based on total gross income from all self employment and property sources, not including employment or pension income.
HMRC will review 2024/25 Self Assessment tax returns to identify who is in scope. If your gross income is below £50,000, you won’t be mandated in April 2026, but may be required to comply in later years.
You may also join voluntarily before you’re required to.
Get in touch today:
E-mail: enquiries@mlaaccounting.co.uk
What’s Required
Under MTD for ITSA, affected taxpayers must:
- Maintain digital records of income and expenses
- Submit quarterly updates to HMRC
- File your end of year income tax return
Quarterly updates will be required for standard quarters, irrespective of a business’s accounting period.
The standard quarters are:
- 6 April to 5 July
- 6 July to 5 October
- 6 October to 5 January
- 6 January to 5 April
Businesses will be able to elect to report for calendar quarters:
- 1 April to 30 June
- 1 July to 30 September
- 1 October to 31 December
- 1 January to 31 March
The deadlines for quarterly updates will be 7 August, 7 November, 7 February and 7 May following the end of the relevant quarter.
Get in touch with us today
We’ll simplify the process and ensure full compliance with HMRC’s rules – giving you peace of mind and freeing up your time.
Contact us today to find out how we can help you.
E-mail: enquiries@mlaaccounting.co.uk
What our
clients say...
MLA Chartered Accountants have been professional in the services delivered. They are very knowledgeable and responsive with my queries. I would have no hesitation in recommending their services.
I couldn’t be more pleased with the exceptional service I received from my accountant. Their expert advice was invaluable in guiding me through financial decisions. Moreover, they were impressively prompt in completing their work within the specified timeframe. I highly recommend their services for anyone seeking a knowledgeable and efficient accountant.
I switched to MLA Chartered Accountants after previously using a more local accountant and now use them for all my accountancy requirements. They are very professional and thorough. Detailed advice is always available and given in a friendly and patient manner. Work is completed as quickly as I can provide the necessary information and I have confidence my books are in safe hands. I thoroughly recommend them.
MLA Chartered Accountants are a breathe of fresh air; their professionalism, efficiency and delivery is next to none. I have been with them for just over a year from starting up a company. They are always available and ready to answer any questions I might have, even silly ones.
Fantastic Service – They deal with my personal and business tax work and they are superb! My accounts and tax returns are always prepared in a prompt manner and are very easy to get a hold of and easy to talk to.
They are a very helpful firm and really responsive to my needs. They deal with my small business accounts and tax work and I find them extremely prompt, friendly and helpful. Their communication is spot on and they always get back to me promptly, highly recommended.
MLA Chartered Accountants have been excellent accountants who I have been working with for 5+ years. From the start they have always been very helpful, understanding and responsive. The team of experts at MLA Chartered Accountants have helped me with Payroll, Corporation and Self-Assessment tax return. They always go above and beyond to help. Thank you – Highly recommend!
Very professional, friendly and timely service. The team are very knowledgeable, efficient and responsive to queries. They also made the difficult and complex straightforward and understandable with his clear communication and way of explaining technicalities. All very much appreciated by a new company requiring support at short notice. Highly recommended.
I engaged MLA Chartered Accountants in Leicester initially to assist with my limited company’s end-of-year accounts and have to commend their professionalism, helpfulness and transparent pricing structure. They listened to my requirements and quickly and efficiently got the job done whilst keeping me appraised on what was happening at every juncture. Based on my experience I’ve decided to keep them on as my accountants on an on-going basis and feel safe in the knowledge that firm have my company’s best interests at heart. Thanks!
I was totally new to self employment and needed the help on an accountant. I found this company based in Leicester and found them informative and very helpful. They talked me through the process and completed it quickly, efficiently and with extremely pleasing rates too. Always just a phone call away with any queries I had. I recommend them and know that next years accounts will be well taken care of.
MLA Chartered Accountants are a fantastic firm that does all my business books. They pickup the phone whenever I call and help me with the most professional advice I can ask for. Definitely a company that i trust and will take them to walk my business journey with me.
Amazing accountant. Professional, replies immediately, always has time, and fully understands my business so provides excellent and trustworthy advice. Couldn’t be happier and would recommend to anyone looking for an accountant.
Very quick and very prompt service. I called them regarding my tax return and we worked together exchanging e-mails and phone calls to get the job done. I received my tax return later in the day and I had a call the following day confirming it was submitted to HMRC.
Great service very helpful nothing was to much trouble.