Making Tax Digital for Income Tax is the largest change to personal tax administration in a generation. In place of one annual return, affected taxpayers keep digital records and send HMRC quarterly updates through compatible software, with a final declaration after year end.
The rollout is phased by income: sole traders and landlords above the initial threshold are brought in first, with lower bands following. If your combined self-employment and property income sits anywhere near the thresholds, the time to prepare is before your start date, not after.
Preparation is mostly about plumbing: choosing software (Xero, QuickBooks and FreeAgent are all MTD-ready, and all integrate with our Starling Bank partnership), connecting your bank feeds, and establishing a simple weekly habit of categorising transactions.
Clients who make the switch early consistently report the same surprise: quarterly visibility is useful. Instead of discovering your profit thirteen months after you earned it, you see it as it happens, which changes decisions about pricing, expenses and tax provision in real time.
We handle MTD onboarding as a fixed-scope project: software selection, migration of records, bank connections, and your first quarterly submission done alongside you. After that, the quarters run themselves.