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From 6 April 2026, Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will apply to Sole traders and Landlords with annual income over £50,000 (before expenses).
This is HMRC’s push to modernise the tax system, which means preparation is key.
Don’t wait until the deadline. Start exploring MTD-compliant software now and get ahead of the changes.
This video includes useful advice and guidance to help you.
Contact Honey Barrett today to find out how we can help make your transition to MTD stress-free.
From 6 April 2026, if you earn £50k+ a year, you’ll need to start keeping digital records and use MTD-compatible software to track income and expenses as they happen and not just at year-end.
If you earn £30k–£50k your start date is April 2027.
If your income is under £30k HMRC is considering lowering the threshold to £20k from 2028
It’s all part of HMRC’s plan to make tax simpler, faster, and more accurate.
This video will help you get ahead. Contact Honey Barrett and let us help you prepare for MTD.
If you are self-employed or a landlord earning over £50,000 a year from April 2026, Making Tax Digital for Income Tax (MTD for ITSA) will apply to you.
Watch our video to learn about going digital, staying accurate, and reporting more regularly.
At Honey Barrett, we make switching to MTD simple and stress-free so you can focus on your self-employment or business property.
Take a look at our video on how the Honey Barrett team could help you manage your taxes and get ready for MTD. Our team of experts will guide you through MTD requirements, helping you choose the right software, set up digital record keeping, and make sure your quarterly updates and final submissions are accurate and on time.
We also provide tax planning advice and help spot issues early, so MTD becomes less of a worry and more of an opportunity to stay organised, ahead of deadlines, and fully prepared.
Take a look at our latest video and find out if you have the correct software for Making Tax Digital for ITSA in 2026
From April 2026, self-employed people and landlords earning over £50,000 a year must use MTD-compatible software to:
This can be cloud software like Xero, Quickbooks, Sage, or bridging tools, as long as it’s HMRC-approved.
At Honey Barrett, we’ll help you choose the right software and make the transition stress-free.
Contact us for advice tailored to you.
This video will help you understand how MTD can benefit you.
With digital records and quarterly updates, you’ll have a clear view of your tax position all year, no more January surprises.
It helps reduce errors, saves time, and makes managing your finances more efficient. Using software keeps you organised, compliant, and in control, giving you peace of mind.
Contact Honey Barrett to get prepared and stay ahead of the changes.
Watch our video and find out what MTD means for you.
If you have more than one sole trade business or rental income, you’ll need separate digital records for each and submit a quarterly update plus an End of Period Statement for each one.
For landlords, self-employed individuals, or those with multiple businesses, it’s a good idea to set up a separate bank account for each revenue stream. It may sound like more admin, but the right MTD-compatible software can help you manage everything in one place, keeping you compliant and in control.
Will Making Tax Digital for Income Tax affect you? This informative video will help you prepare for MTD.
If your self-employment and property income is below £50,000, you’re not affected in April 2026.
If you earn over £30k you’ll need to start from April 2027.
If you earn over £20k, the expected start date is April 2028 (HMRC to confirm).
Find out how you can opt in early! HMRC allows voluntary sign-up now, so if you’re ready to start managing your taxes digitally, why wait?
Contact Honey Barrett today
Take a look, at our video to see how we can make MTD work for you.
If you are wondering if you’ll still need to file a Self-Assessment tax return. You do but not in the traditional way.
If you’re affected by MTD, you’ll submit quarterly updates and a final declaration through approved software instead. It’s still about reporting your income, just in a more digital, streamlined way.
There’s no more last-minute January panics, it will provide real time tax management, and you will ultimately have greater control over your finances.
Contact Honey Barrett and find out how we can help.
This video covers the basics of Xero accounting software, tailored to help you prepare for Making Tax Digital (MTD). Whether you’re new to Xero or looking to enhance your skills, this video will give you a basic understanding for managing your finances digitally and efficiently.
If you have any further questions please contact xero.support@honeybarrett.co.uk
If you are a Practice Manager or GP partner dealing with the practice finances and want an accounting system that can save you time and help to improve profitability through better information, then take a look at the video from our latest webinar. We provide an overview of how Xero works and include some handy tips and tricks to make the most of this excellent system which is a great fit for GP practices.
If you want to find out how Xero can benefit your business then click on the video to watch our latest webinar. We will guide you through the advantages of how Xero can help your business and includes some handy tips and tricks to make the most of this cloud accounting software.
Are you a Locum GP? Do you need help with your Tax Return or confused by your NHS pension? Honey Barrett Medical Accountants specialise in looking after medical professionals and can offer a fixed fee service. For further advice take a look at our latest video.
Xero is the cloud accounting software that allows you to do your finances from any device, when you want to. Honey Barrett Chartered Accountants are Certified Xero Platinum Partners. We can provide training, bookkeeping services and ongoing support. For more information watch the video to find out more.
Receipt Bank is the Xero add on that automatically converts all your invoices and receipts into data, making it easy for you to send your financial information straight to us. Click on the video to find out more.
The government has recently introduced some changes to pensions. Click on the video to find out how this might affect you.
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Does your practice have a strategic plan for the future? Click on the video and find out how Honey Barrett can help you with a facilitated Away Day.
Xero is a cloud based online accounting software that connects you with your numbers, your business and your advisors anytime, from any device. Xero is always secure and reliable and can help you manage your invoicing, bank reconciliation, bookkeeping and much more. Xero software has the time-saving tools you need to grow your business. For further information about Xero please click on the video.
Honey Barrett can help Sessional GPs and Locum Doctors reduce their record keeping burden and minimise their tax. To find out more click on the video.
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