MAKING TAX DIGITAL

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Making Tax Digital (MTD) for Income Tax is reshaping how businesses, landlords, and self-employed individuals manage and report their tax affairs in the UK. The initiative replaces manual record-keeping with secure digital systems and quarterly reporting, improving accuracy, transparency, and real-time financial insight.

From 6 April 2026, MTD for Income Tax Self-Assessment (MTD ITSA) becomes mandatory for individuals earning more than £50,000 in gross income (before expenses) from self-employment and/or property. Those affected will be required to keep digital records and submit quarterly updates to HMRC, with the first submission due in July 2026.

At MNG STRATEGIA, we guide you through every stage of your Making Tax Digital journey. From identifying whether and when MTD applies to you, to selecting and implementing MTD-compatible software such as Xero, QuickBooks, Hammock, or DEXT, we ensure your systems integrate seamlessly and meet HMRC requirements. Our proactive approach means your income tax obligations are managed accurately, efficiently, and with confidence throughout the year.

Beyond MTD, we provide a full range of accounting, advisory, VAT, and payroll services—ensuring every aspect of your financial management is aligned, compliant, and built to support sustainable growth.

By partnering with us, you save time, reduce uncertainty, and gain clarity over your tax position—backed by a precision-driven strategic partner. To talk to our experts, call us on 101100101 or email …. and let discuss. Beyond numbers. True partnership.

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MAKING TAX DIGITAL

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MAKING TAX DIGITAL EXPLAINED

Making Tax Digital (MTD) is a UK government initiative designed to modernise the tax system by moving it online. It requires businesses, landlords, and self-employed individuals to keep digital financial records and submit tax information to HMRC using approved software, rather than relying solely on paper records or annual returns.

The aim of MTD is to make tax reporting more accurate, more efficient, and more transparent. By submitting updates throughout the year, you gain a clearer, real-time view of your tax position, reduce the risk of errors, and avoid last-minute surprises at year’s end.
Under MTD for Income Tax, you’ll be required to:

1. Keep digital records of your income and expenses.
2. Submit quarterly updates to HMRC via MTD-compatible software.
3. Provide a final end-of-year declaration confirming your income and allowances.

While this represents a change in how tax is reported, it does not mean you will pay tax quarterly—only that information is submitted more regularly.

At MNG STRATEGIA, we help you navigate Making Tax Digital with confidence. We act as your strategic partner—ensuring you understand your obligations, use the right digital tools, and remain fully compliant, while turning real-time financial data into meaningful insight for better decision-making.

OUR TAX DIGITAL SERVICES IN BEXLEY

We offer a complete range of Making Tax Digital services in Bexley to simplify compliance and streamline digital tax reporting.

01

Digital software setup and integration

We work with you to identify the most suitable MTD-compliant software for your business, then manage its setup and integration. Our focus is on accuracy, secure HMRC connectivity, and meeting all digital submission requirements with confidence.

02

Digital record-keeping and ongoing support

We support you in maintaining compliant digital records of your income and expenses. Our team also provides clear guidance and training on using approved software efficiently, ensuring your records meet HMRC’s standards at all times.

03

Quarterly update preparation and submission

We manage your quarterly submissions under Making Tax Digital, removing the stress of deadlines and errors. By accurately preparing and submitting updates to HMRC, we ensure your financial information remains consistent and up to date throughout the year.

03

Year-end review and final declaration

At the end of the tax year, we review and reconcile your digital records, assess your overall tax position, and submit your final declaration to HMRC—confirming that your income and allowances are complete, accurate, and fully compliant.

Our tailored guidance helps self-employed individuals and property owners manage digital tax with confidence. Designed for businesses of all sizes, our Making Tax Digital services in Bexley save time, reduce errors, and ensure compliance with HMRC.

Frequently Asked Questions

April 2026 is closer than it looks. If you expect your 2024/25 turnover to exceed £50,000, book an MTD Readiness Review with us now to ensure your software is compliant before the deadline.