MAKING TAX DIGITAL:

ARE YOU READY?

HMRC's new reporting requirements are coming.

If you're self-employed or receive rental income, you may
need to keep digital records and submit quarterly updates
to HMRC.

Don't leave it until the last minute.

BOOK YOUR FREE 30-MINUTE
MTD READINESS CHECK
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Friendly
Personal Support
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the UK
Making Tax Digital | HMRC's new requirements

What Is Making Tax Digital?

Making Tax Digital (MTD) is HMRC's initiative to modernise the UK tax system.

If you're affected, you'll no longer rely solely on a single Self Assessment tax return each year. Instead, you'll be required to keep digital records and submit updates to HMRC throughout the year using compatible software.

The aim is to improve record keeping, reduce errors and make tax reporting more efficient.

Keep Digital Records

Record your income and expenses digitally.

Submit Quarterly Updates

Send updates to HMRC every three months using approved software.

Complete Your Annual Submission

Confirm your figures and complete your tax obligations at the end of the tax year.

Who Needs to Take Action?

You may need to comply with MTD if you receive income from:

Self-employment
Property rental
A combination of both

HMRC Implementation Timeline

  • April 2026
    Income above £50,000
    Making Tax Digital becomes mandatory.
  • 7 August 2026
    First Quarterly Update Due
    Reporting period: 6 April – 5 July 2026
  • April 2027
    Threshold reduces to £30,000
  • April 2028
    Threshold reduces to £20,000
Important
If MTD applies to you, you'll need to begin keeping digital records from 6 April 2026.
Waiting until August to prepare may be too late.

HOW CAN WE HELP?

We make the transition to
Making Tax Digital simple.

Whether you're new to bookkeeping software or already use Excel, we'll guide you through every step.

  • Checking whether MTD applies to you
  • Choosing the right bookkeeping software
  • Setting up your digital records
  • Migrating from spreadsheets
  • Quarterly submissions to HMRC
  • Ongoing bookkeeping support
  • Self Assessment tax returns

WHY CHOOSE MOUSTAKI
BOOKKEEPING SERVICES?

PERSONAL SERVICE

You'll deal directly with me – not a call centre.

PRACTICAL ADVICE

Clear explanations without unnecessary jargon.

DIGITAL EXPERTISE

Helping businesses transition to cloud bookkeeping and Making Tax Digital.

UK-WIDE SUPPORT

Everything can be handled remotely, wherever you're based.

FREQUENTLY ASKED QUESTIONS

Do I need Making Tax Digital?
If your qualifying self-employment and/or rental income exceeded the threshold, then yes.
Can I still use Excel?
Yes. You can continue using Excel with compatible bridging software.
What software do I need?
You'll need HMRC-compatible software. I'll help you choose the best option for your business.
Do landlords have to comply?
Yes, if your rental income exceeds the relevant MTD threshold.
What happens if I don't register?
You may face penalties and interest once HMRC's grace period ends.
Do I still submit a Self Assessment tax return?
Yes. MTD adds quarterly updates, but you'll still submit an annual tax return.
Can you manage everything for me?
Absolutely. I can handle your bookkeeping, quarterly submissions and annual tax return.
How much does it cost?
It depends on your business and the level of support you need. Contact me for a free quote.

READY TO GET STARTED?

Don't wait until the deadline is approaching.

Book your FREE 30-minute MTD Readiness Check and find out exactly what you need to do.

BOOK YOUR FREE CONSULTATION
07940 325420 info@moustaki.eu