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Making tax digital

What is it and what is all the fuss about?

Making Tax Digital (MTD) is a new UK system that means you’ll need to keep your business records online and send updates to HMRC using approved software.

From April 2026, if you’re self-employed or a landlord and your turnover is £50,000 or more, you’ll need to send your income and expenses to HMRC every three months.

This rule will also apply to those earning £30,000 or more from April 2027, and £20,000 or more from April 2028.

What does this mean for me?

HMRC require 5 submissions each year from the self employed

  • Quarter ending 5th July (due 7th August)
  • Quarter ending 5th Oct (due 7th Nov)
  • Quarter ending 5th Jan (due 7th Feb)
  • Quarter ending 5th Apr (due 7th May)
  • 31st January End of Year update (like existing tax return)

What we know and anticipate?

  • Client vs Accountant interaction will change.
  • HMRC encouraging clients to sign up to software subscriptions.
  • The way in which data is captured / stored by clients is likely to change.
  • Additional costs - we anticipate that many Accountants will increase their fees due to the creation of additional work

Our solution

  • No monthly software subscription and added accountancy fee solution.
  • One fee billed once we complete the work. No monthly subscription.
  • Simplified approach to data capture – leaving you time to focus on your day job.
  • No worries – leave the submission deadline worry to us.

How it works

  • App or email based solution – you choose
  • Provide us with quarterly bank statement
  • Answer a quick questionnaire (takes 5 mins of your time)
  • Add any income or expenses missing from your bank statement (if anything)
  • We keep you updated on the progress and put all your information on one easy to use client portal.

Getting started:

  • Get a quote – click on ‘on line quote’
  • Do the legal bit - Sign our T&C’s and we complete our Anti-money Laundering obligations
  • Provide us with some personal information so we can get started
  • Let’s get started

What our clients say...

“

Excellent service from Chris. I have used him since I set up Kirkby Microwave Ltd, eight years ago in 2014.

He is happy to take accounts in any format you choose… He does not insist you use any particular software. Personally I want to avoid vendor-lock-in with proprietary commercial software.

★★★★★

Dr. David Kirkby

“

Rare to find such a reliable and helpful accountancy business as Mayday Accountants Ltd. Chris and his team are accurate, attentive and extremely proactive. You can trust this business.

★★★★★

Paul Layzell

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