Making Tax Digital for Income Tax (MTD for ITSA)

From the 6th of April 2026, Making Tax Digital for Income Tax becomes mandatory for self-employed individuals and landlords with annual income over £50,000.

If that includes you, now is the perfect time to prepare.

As an experienced, Pembrokeshire-based accountant, I can guide you through every step.

What Is Making Tax Digital for Income Tax?

MTD for ITSA is HMRC’s move to fully digital tax reporting.

Instead of one annual tax return, you’ll need to:

Keep digital records using MTD-compatible software
Submit updates every quarter (4 per year)
File a Tax Return annually

Get Ready for the Future of Tax Reporting – Stress-Free and Fully Supported

Who Needs to Comply?

If you’re:

Self-employed with total business income over £50,000
A landlord earning over £50,000 from rental income

You’ll need to follow the MTD rules from 6 April 2026.

From April 2027, those earning £30,000+ will also be included.

Where can I find help?

Right here. Because we’ve undertaken hour after hour of CPD training in relation to MTD to ensure we have the knowledge to help you.

We’ve also done extensive research into HMRC listed software so you don’t have to.

Moore Financial Management is proud to partner with 3 of the leading software suppliers that provide a solution for MTD. Also certified in the installation and operation of the Online Accounting software which means we can support you with the initial set up and on an ongoing basis. The software is both digitally compliant and specifically designed for small and medium sized business.

How we Can Help

✅ Initial Review: We can check if you meet the threshold and when you’ll need to register
✅ Software Setup: We can help you choose and set up MTD-compliant software like FreeAgent or QuickBooks
✅ Training: We can help you record income and expenses digitally
✅ Quarterly Filing: We can submit all required updates and statements for you
✅ Ongoing Support: We’ll also be on hand year-round to help you stay compliant and avoid penalties

Contact us now if you need help with Making Tax Digital for Income Tax

Are there any benefits to Making Tax Digital?

Yes! There are lots!

Digital accounting has significant advantages over the traditional ways of bookkeeping. You can:

Create estimates and send invoices from your phone
Connect it to your online banking so that you have real-time overview
Estimate your tax liability
Avoid stress at the tax year end
Ensure better Tax Planning because you always know how much you owe to HMRC.
See a clear picture of your current financial position, in real-time;
Have your accounts 100% online, so there’s no software to install and everything is backed up automatically. Updates are free and instantly available;
Avoid upfront accounting software costs – upgrades, maintenance, system administration costs and server failures are no longer an issue;
Have your bank feed your data directly into your accounts on a DAILY basis;
Take a photo on your phone of a purchase invoice and post it to the software automatically;
See your results, who owes you money, who you owe to and your business bank balance 24/7, 365 from your phone