Making Tax Digital - TC Group
Making Tax Digital (MTD)
MAKING TAX DIGITAL for self employed and landlords
HMRC’s Making Tax Digital (MTD) programme is transforming the way self-employed business owners and landlords manage their tax affairs. With Phase 2 now underway, MTD for Income Tax means quarterly digital reporting will soon be a reality for many individuals.
That’s where we come in. Our expert team is here to make the transition seamless, saving you time, stress, and unnecessary admin.
What MTD means for you
If you’re self-employed or a landlord, you’ll need to:
- Submit 4 quarterly updates to HMRC, in addition to your final annual declaration
- Keep digital accounting records through compatible software
- Report detailed income and expense data each quarter
Failure to comply could mean penalties — but with the right setup, the process is simple.
Why Choose TC GROUP?
- Specialist expertise in MTD and digital accounting
- Tailored advice for your business circumstances
- Peace of mind knowing your reporting is accurate and compliant
MTD may be a mandatory change, but it brings real benefits too: simpler record-keeping, greater efficiency, and more control over your finances.
FREE no-obligation consultation
For more information about Making Tax Digital, please contact us to arrange a free consultation.
What Is Making Tax Digital for Income Tax?
Making Tax Digital (MTD) is changing the way self-employed business owners and landlords manage their tax from April 2026 onwards.
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What Is Making Tax Digital for Income Tax?
Who’s affected by Making Tax Digital for Income Tax?
If you’re self-employed or a landlord earning over £20,000, MTD for Income Tax will apply, with timings based on your income.
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Who’s affected by Making Tax Digital for Income Tax?
Supporting you with Making Tax Digital for Income Tax
How TC Group can support you with Making Tax Digital for Income Tax, covering software solutions, bookkeeping and your year-end declaration.
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Supporting you with Making Tax Digital for Income Tax
How We Can Help
Industry leading software solutions
We’ll recommend the right MTD-compatible accounting software for your business needs, and help you get it up and running.
Training & support
We’ll show you how to use the software effectively, so you can manage records with confidence.
Ongoing support
From troubleshooting to advice on best practice, we’ll be here every step of the way.
MAKING TAX DIGITAL FAQS
WHO'S AFFECTED BY MAKING TAX DIGITAL, AND WHAT'S THE CRITERIA?
Self-employed individuals and landlords with a qualifying income above £20,000 will be affected. The date at which you’re affected varies.
WHEN AM I AFFECTED BY MTD?
April 2026 for qualifying income above £50,000
April 2027 for qualifying income above £30,000
April 2028 for qualifying income above £20,000
WHAT WILL BE REQUIRED?
Individuals affected by the Making Tax Digital requirements will need to submit 4 quarterly returns to HMRC as well as their usual end of year self-assessment tax return.
HOW DO I SUBMIT THE QUARTERLY RETURNS?
The quarterly returns must be submitted through a compatible accounting software, and all individual details of income and expenses for the return period must be reported on the returns.
WHAT HAPPENS IF I DON'T SUBMIT QUARTERLY TO HMRC?
HMRC will issue fines and penalties to taxpayers who don’t comply with the Making Tax Digital requirements. Self-assessment taxpayers, who are due to join MTD in April 2026, won’t be liable for the new penalty regime under MTD until 2027.
HOW CAN I ENSURE I'M COMPLIANT WITH MTD?
Keeping digital records on approved accounting software will ensure you’re compliant with the requirements.
Keeping a separate bank account for your self-employment or rental income also makes things even easier. With automatic data feeds into your accounting software, you’ll:
- Cut out manual data entry
- Exclude personal transactions
- Reduce admin and errors
Making Tax Digital for Income Tax
Phase 2 of HMRC's 'Making Tax Digital' (MTD) Campaign is underway for Income Tax, bringing self-employed business owners and landlords into the digital tax regime.
Learn more
Making Tax Digital for Income Tax
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