# 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. [Contact us](/content/contact/index.html) 1. ## 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. Watch now [What Is Making Tax Digital for Income Tax?](https://youtu.be/1dK23JXOeUs) 2. ## 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. Watch now [Who’s affected by Making Tax Digital for Income Tax?](https://youtu.be/E_GPww6rI5Y) 3. ## 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. Watch now [Supporting you with Making Tax Digital for Income Tax](https://youtu.be/TCQr62DuaZQ) ## 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](/content/news/business-insights/making-tax-digital-for-income-and-self-assessment/index.html) ## Company Size Thresholds Have Changed – What Does This Mean for UK Businesses? On 6 April 2025, the company sized thresholds changed for the first time since 2013. What does it mean for micro, small and medium businesses? Learn more [Company Size Thresholds Have Changed – What Does This Mean for UK Businesses?](/content/news/business-insights/company-size-thresholds-are-changing/index.html) ## Remuneration planning strategies – time to reassess HMRC’s tightening its grip on how business owners extract profits from their companies, placing traditional remuneration approaches under intense scrutiny. Learn more [Remuneration planning strategies – time to reassess](/content/news/business-insights/remuneration-planning-strategies-time-to-reassess/index.html)