Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA)
Are you self-employed or earning rental income?
These changes might feel like a big adjustment – but don’t worry.
We’re here to turn this transition into an opportunity to streamline your business and simplify your tax process.
What’s Changing?
From 6 April 2026, if your gross income (before expenses) from self-employment and property (added together) exceeds £50,000, you’ll need to: –
– Use approved digital software to track your income and expenses.
– Submit quarterly updates of your income to HM Revenue & Customs.
– File an End of Period Statement and a Final Declaration to confirm your annual tax position.
From 6 April 2027, these requirements will extend to individuals earning between £30,000 and £50,000.
According to the latest government plans, individuals with gross income over £20,000 may also be included before the next election.
Why Choose Scott Vevers for Your MTD Journey?
As Xero Online Software Champions with expertise in multiple accounting platforms, we offer:
Comprehensive Support Package
- Software Setup & Training: Expert guidance on Xero, QuickBooks, or Sage
- Flexible Service Levels: From full management to light-touch support
- Personalised Solutions: Quotes tailored to your business needs
- Proactive Compliance: Stay ahead of deadlines and requirements
Take Action Now!
Don't wait until 2026. Start your digital transformation today:
Book Your Free MTD Consultation
Make an Appointment- Get Your Personalised MTD Plan
- Software recommendations
- Training requirements
- Support level assessment
- Begin Your Digital Journey
- Smooth implementation
- Expert guidance
- Peace of mind
Your Success is Our Priority
As regulated members of The Institute of Chartered Accountants in England & Wales, we ensure your transition to MTD is:
- Compliant
- Efficient
- Cost-effective
- Stress-free
Ready to discuss your MTD preparation? Contact our expert team for a free 30-minute consultation.