What is MTD ITSA
MTD ITSA stands for Making Tax Digital for Income Tax Self Assessment. It's a key part of the UK government's move towards a fully digital tax system, led by HMRC. If you're self-employed or earn income from property, this change will directly affect how you report your earnings.
Improve Accuracy in Tax Reporting
Reduce Common Errors
Encourage Real-Time Record Keeping
Move to a Fully Digital Tax System
MTD ITSA stands for Making Tax Digital for Income Tax Self Assessment. It's a key part of the UK government's move towards a fully digital tax system, led by HMRC. This significant change represents a fundamental shift in how self-employed individuals and landlords report their income and expenses to HMRC.
If you're self-employed or earn income from property, this change will directly affect how you report your earnings. Instead of submitting one tax return at the end of the year, you'll be required to send updates to HMRC every quarter using approved accounting software. This means moving from annual reporting to quarterly digital submissions, keeping your tax affairs up-to-date throughout the year.
MTD ITSA is being phased in from April 2026, and it's essential to be prepared. As specialist MTD accountants in London, we help self-employed individuals and landlords understand what MTD ITSA means for them and ensure they're fully prepared for the transition. Our team stays current with all HMRC updates and MTD requirements, providing expert guidance and support.
The transition to MTD ITSA can seem daunting, but with the right support and preparation, it can actually make managing your tax affairs simpler and more efficient. We help you choose the right MTD-compatible software, set up your digital records correctly, and ensure you're ready to meet all MTD requirements from day one.
We Support You By:
- Help you understand what MTD ITSA means for your business and how it will affect your tax reporting requirements.
- Guide you through the transition from annual Self Assessment to quarterly digital submissions, ensuring a smooth and stress-free process.
- Assist with selecting the right MTD-compatible software for your needs, considering your technical comfort level and business requirements.
- Set up your digital records correctly, ensuring all income and expenses are recorded in compliance with MTD requirements.
- Provide training and support on using your chosen MTD software, ensuring you can use it effectively and confidently.
- Help you prepare and submit quarterly updates to HMRC accurately and on time, ensuring full compliance with MTD requirements.
- Handle annual finalisation, ensuring your end-of-year position is correctly calculated and finalised with HMRC.
- Offer ongoing support and advice throughout the year, helping you stay compliant and maximise your tax efficiency.
Producing What is MTD ITSA
- Preparing you for MTD ITSA compliance from April 2026, ensuring you're ready well in advance of the deadline.
- Setting up digital record-keeping systems that meet all HMRC requirements and make tax reporting simpler and more efficient.
- Ensuring all quarterly submissions are accurate and submitted on time, avoiding penalties and maintaining good standing with HMRC.
- Providing clear, jargon-free explanations of MTD ITSA requirements, helping you understand your obligations and opportunities.
- Maximising your tax efficiency through proper record-keeping and timely submissions, ensuring you pay the right amount of tax.
The new system is designed to improve accuracy in tax reporting, reduce common errors, encourage real-time record keeping, and replace the traditional annual Self Assessment return over time. MTD ITSA requires you to keep digital records and submit quarterly updates to HMRC, providing a more regular and accurate picture of your tax position throughout the year.
In short, MTD ITSA means moving from yearly tax reporting to a more regular, digital approach that keeps your tax affairs up to date throughout the year. This change affects millions of self-employed individuals and landlords across the UK, and being prepared is essential to ensure a smooth transition.
At Kay & Co, we understand that MTD ITSA represents a significant change for many taxpayers. That's why we provide comprehensive support, from initial preparation and software selection to ongoing quarterly submissions and annual finalisation. Our goal is to make your transition to MTD ITSA as smooth and stress-free as possible, ensuring you remain compliant while minimising the administrative burden.
We work with self-employed individuals and landlords across London and the UK, providing professional MTD ITSA services that meet the highest standards. Whether you're comfortable with technology or prefer hands-on support, our team is here to help you navigate MTD ITSA successfully, ensuring you meet all requirements while maximising your tax efficiency.
What Our Clients Say
"Kay & Co helped me prepare for MTD ITSA well in advance. They explained everything clearly, helped me choose the right software, and set up my digital records correctly. I feel confident and ready for the transition in 2026."
Peter Collins
Self-Employed Consultant, Collins Freelance Services
"As someone who earns income from property, MTD ITSA seemed daunting. Kay & Co made it simple - they guided me through the requirements, set up my software, and ensured I'm fully prepared. Their support has been invaluable."
Rebecca Hill
Property Manager, Hill Property Management
"Kay & Co's MTD ITSA preparation service is excellent. They helped me understand what's changing, choose the right software for my needs, and set everything up correctly. I'm now fully prepared for the transition."
Gary Moore
Freelance Designer, Moore Design Studio
"Kay & Co helped me prepare for MTD ITSA well in advance. They explained everything clearly, helped me choose the right software, and set up my digital records correctly. I feel confident and ready for the transition in 2026."
Peter Collins
Self-Employed Consultant, Collins Freelance Services
"As someone who earns income from property, MTD ITSA seemed daunting. Kay & Co made it simple - they guided me through the requirements, set up my software, and ensured I'm fully prepared. Their support has been invaluable."
Rebecca Hill
Property Manager, Hill Property Management
"Kay & Co's MTD ITSA preparation service is excellent. They helped me understand what's changing, choose the right software for my needs, and set everything up correctly. I'm now fully prepared for the transition."
Gary Moore
Freelance Designer, Moore Design Studio
Ready to Prepare for MTD ITSA?
Arrange your FREE consultation today and discover how we can help you prepare for MTD ITSA, choose the right software, and ensure a smooth transition to digital tax reporting.
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