30. March 2026
Making Tax Digital Is Coming!
No need to panic, Bodens Bookkeping is here to help you - read on for more insights and information.
The adverts are everywhere, accounting software companies selling you the benefits of their systems and how they will help you to ensure you are Making Tax Digital (MTD). But if technology freaks you out and you procrastinate over your business finances normally, quite frankly you are going to be overwhelmed by the whole thought of this UK government initiative that requires businesses and landlords to keep digital records and submit their tax information to HMRC using compatible software quarterly.
What is Making Tax Digital ?
Making Tax Digital, or MTD for short, is an HMRC initiative requiring businesses and landlords to maintain digital records and submit tax updates quarterly using compatible accounting software.
It is replacing the annual requirement to submit a self assessment tax return and is aimed at reducing errors and improving efficiency. The first wave of businesses and landlords to replace their paper records with digital recording of income and expenditure will affect those whose annual income from business or property is over £50,000. From April 2026 it will be mandatory for all who fall in that category to report digitally on a quarterly basis. As well as the quarterly submissions there will also be a final year end return required by 31st January similar to the current self-assessment process. If you are feeling unsure about what it means for you, you’re not alone, it is estimated that 864,000 individuals will be affected by the new MTD system.
From April 2027, those with an income of £30,000 will be subject to MTD reporting and April 2028 will see those earning £20,000 affected.
How Bodens Bookkeeping Can Help
Here at Bodens Bookkeeping we can provide practical, easy-to-follow support for sole traders, micro and small businesses navigating what might feel like a Making Tax Digital minefield. That includes:
• MTD-compliant bookkeeping software setup – ensuring your business is ready and fully compatible with HMRC requirements.
• Transition support – moving from spreadsheets or paper records to digital bookkeeping.
• Ongoing digital bookkeeping support – so your records are always accurate and up to date.
• Quarterly reporting preparation and submission – keeping you compliant and avoiding penalties.
• Clear guidance and explanations – no confusing jargon, just straightforward advice you can act on.
The goal? To give you confidence, clarity, and control over your finances so you can focus on growing your business. You do not need to feel stressed or lost — Making Tax Digital can actually make running your business easier. With the right systems in place, you will have a clear, organised view of your finances, helping you make smarter decisions and freeing up your time to focus on what matters most - running your business or enjoying your free time.
Take Control of Your Finances
Making Tax Digital does not have to be complicated. With the right guidance and support, you can be compliant, confident, and in control.
Ready to get MTD-ready without the stress? Book a free, no-obligation chat with me today and start taking control of your small business finances - contact us here