Making Tax Digital (MTD) for Income Tax is one of the biggest changes to personal tax reporting in a generation.
Taxpayers will need to submit quarterly updates to HMRC using approved software or via established digital links, alongside a regular annual return. This equates to five tax filings a year instead of one.
We provide a complete service to help you make the transition smoothly, stay compliant and reduce the administrative burden of digital reporting.
What is changing
From 6 April 2026 MTD is being expanded to include income tax for self-employed businesses and landlords with a combined total gross income from the following sources of over £50,000 per annum:
- Income from self-employment
- Income from UK property
- Income from overseas property
From April 2027, MTD for Income Tax will be expanded to those with income from these sources in excess of £30,000. As of April 2028, this threshold will be lowered to £20,000.
Taxpayers must be fully prepared for these changes, as they could face fines or penalties if they do not comply in future.
Below are the key dates for MTD to help you track your journey and ensure you are compliant with the changes ahead.
MTD for Income Tax
Self-employed businesses and landlords across the UK face a challenging time ahead, as the Government continues to implement its MTD initiative with the rollout of MTD for Income Tax from April 2026.
The changes required to comply with this new tax system are complex and onerous. Businesses and taxpayers may need to invest in new technology, such as cloud accounting software, and alter their method of recording and reporting accounts and tax information.
We have already helped a wide range of businesses with the initial stages of MTD and can assist you by putting the necessary software, apps and procedures in place.
Please get in touch with your usual contact or contact our MTD Advisory Team at advice@milstedlangdon.co.uk if you would like any further information on the options available to you.
MTD Essentials: The submissions you need to make
You can find an example of quarterly update submissions and the year-end process here.
Our MTD service for individuals
We take care of every stage of the process, so you don’t have to worry about the detail. Our support includes:
- Checking if and when MTD applies to your circumstances
- Setting up and managing compliant cloud accounting software
- Training and ongoing support to keep digital records correctly
- Preparing and filing quarterly updates with HMRC
- Submitting your End of Period Statement and final declaration
- Building tax planning into the process to minimise liabilities
We don’t just keep you compliant, we use MTD as an opportunity to simplify your finances and give you better real-time visibility of your tax position.
By getting set up early, you’ll avoid last-minute disruption and have the reassurance that everything is taken care of.
