Making Tax Digital (MTD) Readiness
Be Ready for the Future of Tax Reporting
Making Tax Digital (MTD) is HMRC’s long-term strategy to modernise the UK tax system. It’s already in place for VAT — and from April 2026, it will affect landlords and self-employed individuals earning over £50,000 per year.
At Songbooks, we’re helping clients prepare now — so you’re not scrambling later.
What is MTD for Income Tax?
From 2026, HMRC will require affected taxpayers to:
Keep digital records of income and expenses
Submit quarterly updates to HMRC
Complete an End of Period Statement (EOPS) and Final Declaration each year
It will replace the single annual self-assessment return with five mandatory submissions per year.
Who Does This Affect?
Landlords with rental income over £50,000
Sole traders and self-employed individuals over the same threshold
Those with multiple income streams (e.g. property + self-employed work)
The income threshold is expected to drop to £30,000 from April 2027 — so even if you're not affected yet, you may be soon.
What is MTD for Income Tax?
We’ve built processes to support MTD clients every step of the way
Software Setup
We’ll get you up and running with Xero, bridging tools, or other compliant apps that meet HMRC requirements.
Digital Recordkeeping
We’ll work with you to digitise income and expenses — including training, support, and setting up processes that actually work for you.
Quarterly Submissions
We can handle your quarterly updates, review the figures, and submit directly to HMRC — accurately and on time.
Final Declaration & Reconciliation
We’ll ensure your year-end figures reconcile with your quarterly submissions — so nothing gets missed.
Why Prepare Now?
We can set everything up now so it’s ready in the background, and roll it out when you’re ready
You’ll avoid last-minute stress
You’ll benefit from better real-time visibility of your finances
You’ll be ahead of the curve and in control when the rules change
Ready to
Get MTD 2026 - Ready?
Book a discovery call to talk through your position and how we can help you make the transition smooth, simple, and stress-free.