The expanded Making Tax Digital (MTD) rules will soon require many self-employed individuals and landlords to submit digital quarterly updates. Early preparation can help avoid last-minute difficulties and compliance risks.
What is changing?
HMRC is moving more taxpayers onto digital record-keeping and periodic reporting. For many self-employed people, that means using compatible software to keep records and send summary updates during the year—not only a single annual Self Assessment return.
Why prepare early?
- Choose and test software before deadlines so day-to-day bookkeeping fits your business.
- Align bank feeds, invoices, and expense categories so quarterly submissions are straightforward.
- Identify gaps in your records now rather than under time pressure later.
Practical steps
- Confirm whether MTD rules apply to you and from which date.
- Use HMRC-recognised compatible software (or bridging arrangements where permitted).
- Keep income and expenses digital from the point of entry where possible.
- Reconcile regularly so each quarter reflects an accurate position.
How we can help
We can review your current processes, recommend suitable tools, and set up your records so they meet both commercial and HMRC expectations. If you would like tailored advice for your circumstances, contact us and we will guide you through the next steps.