Making Tax Digital for Income TaxStay compliant with our HMRC-recognised Making Tax Digital (MTD) for Income Tax software solution
Discover Making Tax Digital for Income Tax
Making Tax Digital for Income Tax is a major shift in how self-employed individuals and landlords manage their tax affairs in the UK. This shift aims to modernise tax reporting, improve accuracy, and increase efficiency. While it may require an initial investment in software and adapting to new processes, MTD for Income Tax could streamline tax obligations in the long run.
Under Making Tax Digital for Income Tax, individuals must keep digital records that describe income and expenses and the date they occurred.
To be mandated to MTD, the gross income — before expenses and tax are deducted — from self-employment or property is taken into consideration.
Your clients will be required to use MTD for income tax if:
- From 6 April 2026, their gross income from these sources totals over £50,000
- From 6 April 2027, their gross income from these sources totals over £30,000
- From 6 April 2028, their gross income from these sources totals over £20,000
Digita Professional Suite: Making Tax Digital for Income Tax
We're one of the few software providers recognised by HMRC as part of their Making Tax Digital for Income Tax Self Assessment testing phase. Contact us if you would like to participate in the MTD beta testing.
MTD for Income Tax
Agent authorisation
Verify your client's authorisation status.
Generate and share a link with your client to grant you agent authorisation.
Data import
Directly import business details and obligation periods from HMRC.
Link your client's digital records to the MTD software for quarterly submissions using the import from spreadsheet functionality.
Submissions
Submit quarterly data cumulatively. Clients with accounting periods from April 1 to March 31 can opt for a calendar election.
After the tax year ends, submit non-business income, annual adjustments, and allowances.
Review HMRC's tax computation based on the annual submission and complete the final declaration to conclude the MTD tax return submission.
Making Tax Digital for VAT
Stay compliant with our future-proofed MTD software solution for tax and accounting professionals.
MTD for VATMaking Tax Digital software for corporations
Thomson Reuters ONESOURCE Indirect Tax Compliance fully supports the requirements of Making Tax Digital. The software delivers significant process improvements and robust risk management – giving you full confidence in your VAT operations for MTD and any future regulations.
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