Making Tax Digital (MTD) is here. Businesses over the VAT threshold (currently £85,000 pa) are now required to keep digital accounting records and submit their VAT returns online using an MTD-compliant cloud bookkeeping solution. The government has been expanding the scheme over the last few years, and the scheme will be rolled out to all business types soon, so it’s a good time for all businesses to switch to digital accounting software.
From April 2026, MTD for Income Tax will be introduced for all unincorporated businesses and landlords with business and/or property income over £50,000 per year. Those who qualify will be required to submit four quarterly business income and expenses updates, rather than a Self Assessment tax return. At the end of the tax year, they will also need to send a final declaration. The first submission deadline will be in July 2026.
Browse the cloud accounting solutions we’ve partnered with, read our MTD blogs for more information, or get in touch for advice on what you need to do to be compliant with MTD. We can help you get your bookkeeping back on track.
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