Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in recent years. It requires businesses and individuals to keep digital records and submit tax information to HMRC using compatible software.
At AM Accountants, we help you stay fully compliant while making the process as simple and efficient as possible.
What is Making Tax Digital?
Making Tax Digital is a government initiative designed to modernise the tax system and improve accuracy.
Instead of submitting one annual Self Assessment tax return, you’ll be required to:
- Keep digital records of your income and expenses
- Submit quarterly updates to HMRC
- Complete a final end-of-year declaration
This approach gives you a more up-to-date view of your tax position and reduces the risk of errors.
Who will be affected?
Making Tax Digital for Income Tax will apply to:
- Sole traders
- Landlords
- Individuals with combined business and property income
It will be introduced in phases:
- April 2026 – income over £50,000
- April 2027 – income over £30,000
- April 2028 – income over £20,000
If you fall into these categories, it’s important to start preparing now.
How we can help
We offer a complete Making Tax Digital service, supporting you at every stage.
Registration and setup
We’ll confirm whether MTD applies to you and register you with HMRC.
Software advice
We recommend and set up MTD-compliant software that suits your business needs.
Bookkeeping support
We can manage your bookkeeping or help you transition to digital record keeping.
Quarterly submissions
We prepare and submit your updates on time, ensuring full compliance.
Ongoing advice
We provide clear, practical advice to help you understand your finances and plan ahead.
Get started with MTD
Making Tax Digital is coming — but with the right preparation, it doesn’t have to be complicated.
We’re here to make the transition smooth and stress-free.
Contact us today to find out how we can support you with Making Tax Digital.