Making Tax Digital (MTD) is the UK government’s initiative to modernise tax reporting. From April 2026, it will apply to self-employed individuals and landlords whose annual turnover from self-employment or property exceeds £50,000.
The aim of MTD is to improve accuracy and simplify record-keeping. Instead of submitting one annual tax return, affected taxpayers will need to:
This approach helps HMRC detect errors earlier and allows taxpayers to manage their finances more proactively.
Quarterly Reporting under MTD
Under MTD for Income Tax, quarterly updates are required for the following periods:
Quarter |
Period Covered |
Submission Deadline |
Q1 |
6 April – 5 July |
5 August |
Q2 |
6 July – 5 October |
5 November |
Q3 |
6 October – 5 January |
5 February |
Q4 |
6 January – 5 April |
5 May |
Key points about quarterly submissions:
Preparing for MTD
To comply with MTD, taxpayers should:
While MTD changes the reporting process, it does not change the amount of tax you pay — it simply spreads reporting across the year for more accurate tracking.
Professional Support
For businesses or landlords who want guidance, Prime Accountants Manchester can provide advice on:
📩 For more information, visit HMRC’s Making Tax Digital for Income Tax guidance.
How Professional Support Can Help
For businesses or landlords who want guidance, Prime Accountants Manchester can advise on:
📩 For more information, you can also visit HMRC’s Making Tax Digital for Income Tax guidance:
https://www.gov.uk/government/collections/making-tax-digital-for-income-tax