How to Prepare for Making Tax Digital (MTD)
- Gerald Rogan
- 1 day ago
- 2 min read
If you're self-employed, a landlord, or run a small business, Making Tax Digital (MTD) is something you need to know about. From April 2026, MTD for Income Tax Self Assessment (ITSA) will require many taxpayers to keep digital records and submit quarterly returns to HMRC using approved software.
Here’s what you need to know and how to prepare in advance:
What is Making Tax Digital?
Making Tax Digital is an HMRC initiative designed to simplify the tax process, reduce errors, and encourage the use of modern accounting software. From April 2026, it will apply to individuals with income over £50,000 from self-employment or property. Those earning between £30,000 and £50,000 will follow in 2027.
📋 How to Prepare for MTD
Understand Your Income Sources
If you earn from self-employment, rental properties, or both, and your total income is over the threshold, MTD applies to you.
Start Keeping Digital Records Now
Get into the habit of using accounting software or spreadsheets to track income and expenses. This will make the transition easier later.
Choose MTD-Compatible Software
We recommend FreeAgent, which is MTD-ready and completely free if you bank with Mettle, NatWest, RBS, or Ulster Bank.
Get Professional Support
A qualified accountant (like us!) can guide you through setup and ensure you're ready to submit quarterly returns digitally.
🧾 Key Dates to Remember
April 2026: MTD for ITSA applies to income over £50,000
2027: Expected rollout for £30,000–£50,000 income
Quarterly submissions + one annual final declaration
Need help preparing for MTD?At Ace Rogan Ltd, we help clients across Northern Ireland and the UK get MTD-ready with practical support, software advice, and full tax return services.
📩 Contact us today to discuss your options and make the switch to digital stress-free.
Keywords: Making Tax Digital NI, MTD for landlords, MTD self employed UK, FreeAgent MTD, accounting software MTD
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