MTD for Income Tax

Making Tax Digital (MTD) for Income Tax

Making Tax Digital (MTD) for Income Tax is a new way of reporting income tax to HMRC

It replaces the traditional annual Self-Assessment process for many self-employed individuals and landlords, moving tax reporting onto a more regular, digital basis.

The aim is to reduce errors, improve record-keeping, and help taxpayers understand their tax position throughout the year rather than all at once.

How MTD for Income Tax works

Under MTD for Income Tax, affected taxpayers will need to:

Keep digital records of income and expenses using HMRC-approved software
Submit quarterly updates to HMRC summarising income and expensesand guidance
Complete an End of Period Statement after the tax year ends
Submit a Final Declaration, replacing the traditional Self-Assessment return

Quarterly updates are summaries, not tax bills. HMRC uses the year-end submissions to calculate the final tax due.

Who MTD for Income Tax applies to

MTD for Income Tax applies to:

Qualifying income is your total gross income (before expenses) from self-employment and/or property.

The rollout is phased:

Some taxpayers may also choose to join voluntarily ahead of their mandatory start date.

What doesn’t change

MTD for Income Tax does not change how much tax you pay or when it is due.
Payment deadlines remain the same — the main change is how information is recorded and submitted.

Other types of income (such as employment income, dividends, or savings interest) are still included as part of the year-end process.

What this means in practice

For many businesses and landlords, MTD means:

More regular bookkeeping
Greater reliance on digital software
Fewer surprises at year-end
A shift from annual compliance to ongoing reporting

Done properly, it can improve financial visibility. Done poorly, it can create unnecessary admin and risk.

How we help

We help clients prepare for MTD in a measured, practical way, including:

Assessing whether and when MTD applies to you
Selecting and setting up suitable software
Putting simple processes in place to stay compliant
Ensuring reporting is accurate without creating unnecessary workload

Our focus is on keeping compliance proportionate, controlled, and aligned with how you actually run your business.

Making Tax Digital for Income Pricing

Making Tax Digital (MTD) for Income Tax introduces quarterly reporting and year-round compliance for many sole traders and landlords.

Our MTD services are delivered as an annual subscription, payable monthly, and are designed to provide the right level of support depending on how involved you want to be in your bookkeeping.

All packages include:

Review and submission of four quarterly MTD updates
End of Period Statements
Final Declaration (replacing the Self Assessment return)
Ongoing compliance oversight to ensure HMRC requirements are met

Choose the level of support that suits you

← Swipe left to compare all plans →

		⭐ Recommended
All plans include full MTD compliance for sole traders and landlords. Compare plans What's included	🟫 Basic Bronze For clients confident with digital records. You maintain your records with professional oversight. From £750 + VAT/yr £62.50 + VAT per month Enquire now	⚪ Standard Silver For most sole traders and landlords. We manage the compliance process with ongoing support. From £1,000 + VAT/yr £83.33 + VAT per month Enquire now	🟡 Premium Gold For clients who want a hands-off service. We manage bookkeeping and the MTD process end-to-end. From £1,500 + VAT/yr £125.00 + VAT per month Enquire now
Core Compliance
MTD-compliant software access	✔	✔	✔
Quarterly MTD submissions	✔	✔	✔
End of Period Statement	✔	✔	✔
Final Declaration	✔	✔	✔
Deadline management & reminders	✔	✔	✔
Record Keeping
Transaction categorisation	Client-led	✔	✔
Error checking & corrections	Limited	✔	✔
Bookkeeping included	✖	✖	✔
Support
Ongoing support	Limited	✔	Priority
Suitable for most clients	✖	✔	✔
Not sure which plan is right for you? Get in touch and we'll help you decide. All plans are subject to an initial assessment.	Enquire now	Enquire now	Enquire now

Pricing notes

Prices assume modest transaction volumes and straightforward affairs
Fees may vary where there are:
- High numbers of transactions
- Multiple income streams
- Multiple properties
- Late, incomplete, or poor-quality records
Where complexity increases, we may recommend moving to a higher package to ensure accuracy and compliance

All prices are exclusive of VAT.

Optional add-on services

MTD software setup and training (one-off)
Quarterly tax planning reviews
Annual accounts preparation (where required)

Which package is right for you?

Most clients choose Standard (Silver) as it offers the best balance between cost, support, and peace of mind.
If you’re highly organised and confident with software, Basic (Bronze) may be suitable.
If you want minimal admin and maximum support, Premium (Gold) provides a fully managed service.