---

Get Ready for Making Tax Digital for Income Tax (MTD ITSA)

If you’re a sole trader or landlord, you may have heard whispers about something called MTD ITSA. It might sound like another bit of red tape, but really it’s all about moving tax reporting online to make life easier (once you’re set up!).

At Seamount Accountancy, we know that the thought of extra HMRC requirements can feel daunting — but don’t worry, we’re here to help you understand what’s changing, and what you can do now to be prepared.

---

What is MTD ITSA?

MTD ITSA stands for Making Tax Digital for Income Tax Self Assessment. From April 2026, if you’re:

• A sole trader with annual business income over £50,000, or
• A landlord with rental income over £50,000,

…you’ll need to follow the new rules.

Those earning over £30,000 will be included from April 2027.

Instead of filing one Self Assessment tax return each year, you’ll be expected to:

• Keep digital records of your income and expenses.
• Send quarterly updates to HMRC using approved software.
• Submit a final year-end declaration.

---

What Does This Mean for You?

For many business owners and landlords, this is a big change. The days of paper records, spreadsheets, or once-a-year submissions will be over. Instead, you’ll need to get comfortable with digital bookkeeping software, such as Xero, QuickBooks, or FreeAgent.

The good news is that this system should give you a clearer, more up-to-date picture of your tax position throughout the year — no more nasty surprises in January!

---

To Help You: A Free Downloadable Checklist

We’ve created a Getting Ready for MTD ITSA Checklist that you can download today. It sets out, step by step, what you need to do now, and what you’ll need in place before April 2026.

✅ Check if you fall within the new rules.
✅ Understand what records you’ll need to keep.
✅ Decide which software will work best for you.
✅ Get into the habit of quarterly reporting.
✅ Plan ahead so you’re not rushing at the last minute.

Download the MTD ITSA Checklist here

---

How Seamount Can Help

We’ve already been guiding clients through digital record-keeping and quarterly reporting. Whether it’s choosing the right software, setting up your bookkeeping, or making sure your submissions are correct, we’ll take the stress away so you can get back to running your business.

If you’re unsure how MTD ITSA will affect you, let’s have a chat. The earlier you prepare, the smoother the transition will be.

---

✨ Download your checklist today and take the first step towards being MTD-ready.