MTD Accountant UK: Making Tax Digital Managed for You
Need an accountant for Making Tax Digital for Income Tax? Financial 247 helps UK sole traders, CIS subcontractors and landlords manage digital records and quarterly HMRC updates. Get MTD-compatible software, bookkeeping support and a dedicated account manager from £49 per month. Find out whether MTD applies to you and how we can help.
What is Making Tax Digital for Income Tax?
Making Tax Digital (MTD) for Income Tax changes how eligible sole traders and landlords report business and property income to HMRC. Instead of waiting until the end of the year to organise records, you keep digital records and send summaries of income and expenses every three months using compatible software.
You still submit an annual tax return. The quarterly updates are not separate tax returns and do not mean paying Income Tax four times a year. Financial 247 can support the record-keeping and submission process, with a dedicated manager and a clear monthly fee.
MTD for Income Tax is different from MTD for VAT. It is aimed at eligible individuals with self-employment or property income, not a limited company Corporation Tax return.
Ready to get started?
Complete our quick MTD application and our team will guide you through the next steps. Not sure whether Making Tax Digital applies to you? Get in touch and we'll help you find out.
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MTD for Sole Traders, CIS Subcontractors and Landlords
Sole traders: Keep business income and expenses organised digitally and stay on top of your quarterly HMRC updates.
CIS subcontractors: Understand how gross construction income counts towards the MTD threshold, while keeping CIS deductions and allowable expenses properly recorded.
Landlords: Track rental income and property expenses and find out whether your property income brings you into MTD.
Why Financial 247? Our managed service combines software, bookkeeping support, quarterly submissions and a named point of contact. See the £49/month package details above and contact us to confirm your exact needs.
For official guidance, see HMRC’s Making Tax Digital for Income Tax guide.
Frequently
Asked Question
Our team is here to help you every
step of the way. Get quick answers and expert support whenever you need it.
MTD for Income Tax generally applies to eligible sole traders and landlords when their combined gross self-employment and property income exceeds the relevant threshold. The rollout begins from April 2026 for qualifying income over £50,000, April 2027 for over £30,000 and April 2028 for over £20,000. HMRC normally looks at the tax return from two tax years earlier. Exemptions and special circumstances can apply.
Yes. If you work as a self-employed CIS subcontractor, qualifying income is generally assessed before CIS tax deductions and before business expenses. It is turnover, not taxable profit, that matters. We can help you review your figures and MTD obligations.
For standard tax-year updates, deadlines are 7 August, 7 November, 7 February and 7 May. The standard periods run from 6 April to 5 July, 6 April to 5 October, 6 April to 5 January and 6 April to 5 April respectively. Calendar-aligned periods may also be available. Each update contains cumulative totals from the start of the tax year.
Yes. Quarterly updates are summaries of income and expenses, not tax returns. You must still complete and submit your annual tax return using MTD-compatible software by 31 January following the relevant tax year. For the first MTD tax year, 2026/27, the annual return deadline is 31 January 2028.
Spreadsheets may form part of an MTD-compliant process if used with suitable compatible software or a digital link that meets HMRC requirements. An ordinary spreadsheet on its own cannot send MTD quarterly updates to HMRC. We can advise on the right setup for you.
Our advertised MTD package starts at £49 per month and includes MTD software, bookkeeping support and quarterly HMRC updates. The precise scope, including annual tax return preparation and any extra work, should be confirmed with our team before you sign up.
We offer a managed service designed to reduce the work involved in digital records and quarterly submissions. You will still need to provide complete, accurate information and approve any necessary authorisations. Your dedicated manager can explain the onboarding process and what we need from you.
No. Sending quarterly updates does not itself change the usual Income Tax payment dates. Your annual tax return determines the final tax position, and normal payment-on-account rules may still apply.
MTD for Income Tax is for eligible individuals with self-employment or property income. Limited companies have different accounting, Corporation Tax and potentially MTD for VAT obligations. Contact Financial 247 for separate limited-company accounting support.
Start with our MTD application or book a call. We will discuss your income sources, existing software, HMRC authorisations and the information needed to move your records. If you already have an accountant, we can explain the steps involved in switching.
