Home/Services/MTD for Income Tax
MTD for Income Tax
Quarterly updates handled, so Making Tax Digital changes nothing about how you run your business
Digital records kept, four updates a year sent to HMRC and your final declaration prepared, all from one fixed monthly fee. Landlord packages from £35 a month.
Who this is for
For everyone already in, and everyone about to be
Since 6 April 2026, sole traders and landlords with combined qualifying income over £50,000 must keep digital records and send HMRC a summary of income and expenses every quarter, then a final declaration after the year end.
From April 2027 the threshold falls to £30,000, and from April 2028 to £20,000. Qualifying income means gross turnover and gross rents added together, before expenses, taken from a tax return you filed two years earlier.
Included in
- Landlord package from £35 a month
- Sole Trader Essentials from £39 a month
- MTD Ready from £29 a month
- Joint Landlords from £55 a month
What we do
Set up, four updates, one final declaration
Set up
We sign you up with HMRC, set up compatible software, connect your bank and, for landlords, build a simple property by property record.
Quarterly updates
Deadlines fall on 7 August, 7 November, 7 February and 7 May. We prepare each update from your records, send it for you to confirm and file it.
Final declaration
Year end adjustments, allowances, reliefs and any other income brought together into the final declaration by 31 January.
Penalties avoided
The points based penalty system means late updates accumulate. Every date is diarised so you never accrue points in the first place.
How it works
A quarter in three steps
Records kept digitally
Bank feed plus receipt capture, or a simple property record for landlords.
Update prepared
We draft it from your records and send it to you with anything that looks unusual flagged.
Confirmed and filed
You approve, we file, and HMRC has what it needs for that quarter.
Worth knowing
The thresholds are falling fast
April 2026 brought in everyone over £50,000. April 2027 takes it to £30,000 and April 2028 to £20,000, which captures most landlords with a single property and almost every part time sole trader.
Joining is not something you can leave to the last minute, because the records for the whole quarter have to already be digital by the time the first update is due. Setting up a quarter early is the difference between a smooth start and a scramble.
Your dates
- £50,000 and above, joined April 2026
- £30,000 and above, joining April 2027
- £20,000 and above, joining April 2028
- Quarterly updates 7 Aug, 7 Nov, 7 Feb, 7 May
- Final declaration 31 January
Questions
Frequently asked
I am a landlord with one property. Does this apply to me?
Only if your gross rent plus any self employed turnover exceeds the threshold for the year. Use the checker to find your start date.
Do I pay tax quarterly now?
No. Quarterly updates are information only. Tax is still paid on 31 January and 31 July as before.
What if I own property jointly?
Each owner reports their own share. Jointly owned property has simplified quarterly reporting for the expenses side, and the Joint Landlords package covers both owners.
Can I be exempt?
Exemptions exist for the digitally excluded and some other narrow cases. We can apply on your behalf if you qualify.
What counts as qualifying income?
Gross self employment turnover plus gross property income, before any expenses. It is tested on the tax return for the year two years before the year you would join.
What are the penalties?
Late quarterly updates attract points, and a financial penalty once you reach the threshold. Late payment penalties are separate and are charged as a percentage of the tax outstanding.
Ready to hand it over?
Book a free 30 minute call and we will tell you exactly what we would do and what it would cost.
Or just pick up the phone
+44 7456 385980info@taxmesh.co.uk
