Making Tax Digital (MTD)
Making Tax Digital is a UK government initiative aimed at modernising the tax system. Here are some key dates to remember:
April 2026:
MTD for Income Tax Self Assessment (ITSA) will apply to self employed individuals and landlords with an annual turnover above £50,000.
April 2027:
MTD for ITSA will start for those with a turnover between £30,000 and £50,000.
Firstly, do they apply to you? If so Blue Peak are fully able to help you with this transition. Here are some key considerations that you may wish to discuss with us:
We can assist you through this transition.
Compliance and Quarterly Updates
We can ensure that you comply with MTD regulations, avoiding potential penalties. We can also manage the quarterly updates required by MTD, ensuring accurate and timely submissions.
Tax Planning and Transition Support
We can provide valuable tax planning advice to optimise tax liabilities and take advantage of any available reliefs. We also assist with the transition to MTD, helping businesses adapt to new processes and systems.
Strategic Advice and Error Minimisation
Beyond compliance we can offer strategic financial advice to support business growth and efficiency. We will help minimise errors in financial records and submissions, reducing the risk of HMRC inquiries.
Why should you get in touch?
Making Tax Digital with Blue Peak
We make the switch to digital tax simple, setting up compliant software, streamlining submissions, and keeping you ahead of HMRC deadlines.
MTD for VAT is already mandatory for most businesses, and MTD for Income Tax starts in April 2026 for sole traders and landlords earning over £50,000.