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Accounting Wise Making Tax Digital Hub

MTD for Your Business

Making Tax Digital (MTD) is transforming the way UK businesses keep their tax records and submit returns to HMRC. Whether you’re a sole trader, landlord, freelancer or run a limited company, understanding what MTD means for you is essential.
In this hub, you’ll find everything you need to know about Making Tax Digital from what it is and who it applies to, to deadlines, software requirements and step-by-step guides. Explore our articles below to stay informed, stay compliant, and make MTD work for your business.

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What is Making Tax Digital

Understand the basics and how it’s changing UK tax reporting.

Do I Need to Register for Making Tax Digital?

Not sure if you need to sign up for Making Tax Digital? Find out here.

How to Sign Up for Making Tax Digital

Step-by-step instructions on how to register for Making Tax Digital.

Making Tax Digital Deadlines and Dates

Stay ahead of upcoming deadlines and important dates.

Making Tax Digital for VAT

Find out how Making Tax Digital affects VAT-registered businesses.

Making Tax Digital Income Tax

Get ready for Making Tax Digital for Income Tax Self Assessment (ITSA).

MTD for
Corporation Tax

Discover how Making Tax Digital will affect Corporation Tax.

Making Tax Digital Exemptions

Learn who can be exempt or defer Making Tax Digital requirements.

Making Tax Digital for Limited Companies

How MTD affects limited companies and their obligations.

Making Tax Digital for Partnerships

What partnerships need to know about complying with Making Tax Digital.

Making Tax Digital for Sole Traders

Your simple guide to Making Tax Digital if you’re self-employed in the UK.

Making Tax Digital for Landlords

What UK landlords must consider and comply with Making Tax Digtial Changes.

MTD Compliant Software

Choose the right software to stay Making Tax Digital compliant.

Making Tax Digital Bridging Software

Find out what Bridging Software is and when bridging software is the right solution.

How Accountants Can Help with MTD

See how working with an accountant can make MTD easy.

Accounting Wise - Why Is MTD Being Introduced

Why Is MTD Being Introduced?

The main goal is to modernise the UK tax system and close the gap caused by avoidable tax errors which HMRC estimates cost the Treasury around £9 billion each year. By moving businesses and individuals to digital record-keeping, HMRC aims to tackle common mistakes caused by manual data entry, missing paperwork, or outdated systems.

Beyond reducing errors, it encourages better, more consistent business record-keeping. When records are kept digitally, it’s easier for businesses to stay organised, keep track of income and expenses, and spot issues early which can lead to better financial decision-making overall.

This new way of thinking also provides more real-time visibility of your tax obligations. Instead of the stress of an annual scramble, MTD’s quarterly updates mean businesses can understand what they owe and budget for tax bills more effectively.

Finally, by standardising digital submissions through compatible software, MTD aims to make the entire tax process more efficient, saving time for businesses, accountants, and HMRC alike.

Need help switching to digital? Read our guide on choosing the right accounting software to get started.

Stay Informed: Accounting News & Updates

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In the UK, debt financing for small business is one of the most common and accessible ways to raise capital. From traditional bank loans to alternative online lenders, government-backed schemes, and trade credit, debt financing provides a crucial lifeline for businesses that need funds without giving up ownership.
Accounting Wise - tax, ebay stores and the HMRC

Tax, eBay Stores and the HMRC

Running an eBay store in the UK can be a profitable side hustle or a full-time business. But while listing, selling, and shipping products may be your main focus, understanding your tax responsibilities is just as important.
Accounting Wise - key accounting dates for October 2025

Key Accounting Dates for October 2025

October is a busy month for UK businesses when it comes to tax and compliance. From Corporation Tax payments and returns to Self Assessment notifications, PAYE, CIS, and even Plastic Packaging Tax, there are several key deadlines that business owners need to keep firmly on their radar.

Making Tax Digital FAQs

Making Tax Digital (MTD) is a UK government initiative that requires businesses and individuals to keep digital tax records and submit returns using compatible software. It applies to most VAT-registered businesses, self-employed people, landlords and, eventually, companies paying Corporation Tax.

MTD for VAT began in April 2019 for most VAT-registered businesses with a taxable turnover above the VAT threshold. MTD for Income Tax Self Assessment (ITSA) and Corporation Tax will follow in stages over the next few years.

Yes, you must use HMRC-recognised MTD-compatible software to keep digital records and file your returns. Bridging software can help link spreadsheets to HMRC systems if needed.

You can sign up through HMRC’s website or through your MTD-compatible software provider. Make sure you meet all requirements before you sign up, such as having your VAT number or UTR to hand.

Failing to comply with MTD can lead to penalties from HMRC. You may face fines for late filing or using non-compliant methods. Staying up to date and using approved software is the best way to avoid issues.

Yes! Many accountants offer MTD-compliant bookkeeping, filing and software support. They can register you, manage submissions and help you stay compliant saving you time and hassle.

Switching to us for accounting services is easy

1 Choose Your Package

Select the accounting services that best suit your needs. Choose from our ready-made packages or build your own to see exactly how much you’ll be paying each month.


2 Sign up with Us

Once you’ve chosen your service level, just send over a few details using our quick sign-up form or give us a call to get started.


3 You’re ready to go

That’s it! We’ll get your accounting services set up, contact your previous accountant if needed, and begin the authorisation process with HMRC.

Switching Made Simple – Try Accounting Wise Today