You’ve probably heard about Making Tax Digital (MTD) – the government’s plan to move tax reporting online. But did you know that Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is on the horizon for millions of people? If you’re a sole trader or landlord earning over £50,000, you’ll need to start following the new rules from April 2026.
We know that sounds like a while away, but trust us – now is the perfect time to get prepared.
What is Making Tax Digital for Income Tax?
In a nutshell, MTD for Income Tax means you’ll no longer submit one tax return a year. Instead, you’ll need to:
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Keep digital records of your income and expenses,
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Send quarterly updates to HMRC through approved software,
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Submit a final annual End of Period Statement.
If you’re used to scrambling through a shoebox of receipts once a year, this is going to feel like a big shift. But that’s where we come in.
Why This Change is a Good Thing (We Promise!)
We know change can be daunting – especially when it comes to tax. But there are some real positives to Making Tax Digital:
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No more last-minute stress – Quarterly updates keep you organised and in control all year round.
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Better visibility of your finances – You’ll get a clearer picture of how your business is performing and how much tax you owe, so there are no nasty surprises.
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Time-saving tech – Using MTD-compliant software means less paperwork, faster processes, and more time to focus on running your business.
Bookkeeping Just Got Serious – And That’s Our Thing
Under MTD, keeping accurate records becomes non-negotiable. If your books are behind or done once in a blue moon, now’s the time to sort it.
At Insight, this is exactly what we’re good at. We help businesses take the stress out of bookkeeping, set up with the right software, and stay up to date with their finances.
We’re already working with clients to prepare for MTD for ITSA – getting systems in place, tidying up their records, and making sure they’re confident with the new process. Whether you need a complete overhaul or just a bit of support, we’re here for it.
Don’t Wait Until The Last Minute!
HMRC has confirmed that:
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MTD for Income Tax applies to self-employed people and landlords with income over £50,000 from April 2026.
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Those earning over £30,000 will follow from April 2027.
That may sound far away, but the best time to prepare is now. Switching systems, getting comfortable with software, and cleaning up your books all takes time – and we’re ready to help you every step of the way. Get in touch today and let’s get started!