MTD for Income Tax: Quarterly Updates
We keep your digital records in order and send your quarterly updates and final declaration to HMRC, so you can meet your Making Tax Digital obligations with less effort.
Making Tax Digital for Income Tax, handled for you
Making Tax Digital (MTD) for Income Tax changes how many sole traders and landlords report to HMRC. You keep digital records and send quarterly updates through compatible software, and you still finalise your tax after the year end through that software.
Whether and when MTD applies to you depends on your income and HMRC’s timetable. We confirm your position, then take care of the records and submissions so you can focus on your business or properties.
What MTD for Income Tax involves
Once you are within MTD for Income Tax, your obligations typically include:
- Keeping digital records of your business or property income and expenses
- Sending quarterly updates to HMRC using MTD-compatible software
- Submitting a final declaration after the end of the tax year
- Keeping to HMRC’s deadlines for each update
We will confirm which of these apply to you and when your obligations start.
Who it's for
This service is for individuals who report income through Self Assessment, including:
- Sole traders and the self-employed
- Landlords with UK or overseas property income
- People with both trading and property income
- Anyone who has received an HMRC letter about MTD for Income Tax
What you get
We take care of MTD for Income Tax for you, including:
- A check on whether and when MTD applies to you
- Keeping or reviewing your digital records
- Preparing and sending your quarterly updates
- Preparing your final declaration
- Reminders of what we need from you and when
- Dealing with HMRC queries about your submissions
How our MTD quarterly service works
- Review your set-up
We review your income sources, records and current software. - Confirm your position
We confirm your MTD position and agree a quarterly routine. - Share your records
You share your records, or give us access to your software and bank feeds. - Quarterly updates sent
We prepare and send each quarterly update and keep you informed. - Final declaration
After the year end, we prepare your final declaration with you.
What we need from you
- Your Unique Taxpayer Reference (UTR) and National Insurance number
- Any letter HMRC has sent you about Making Tax Digital
- Your income and expense records, or access to your software and bank feeds
- Records sent to us within 10 days of each quarter end, so we can file in good time
Timescales and key dates
- MTD for Income Tax applies from 6 April 2026 if your qualifying income was more than £50,000 in 2024/25, from 6 April 2027 if it was more than £30,000 in 2025/26, and from 6 April 2028 if it is more than £20,000 in 2026/27.
- Quarterly updates are due by 7 August, 7 November, 7 February and 7 May
- The final declaration is due by 31 January after the end of the tax year
- Qualifying income means your total self-employment and property income before expenses (turnover), taken from your Self Assessment return for the earlier tax year HMRC checks
How it works
Your first conversation is a Discovery & Scoping Call. Its purpose is to understand your situation and agree where IB&Co can help. From there, the process follows five clear steps.
Discovery
We start by understanding your circumstances and objectives.
Scope
We identify the areas requiring further consideration.
Review
Where appropriate, we undertake a detailed advisory review.
Recommendations
We provide professional guidance based on the agreed scope of work.
Ongoing Support
Where required, we provide ongoing planning and advisory support.
Meet your adviser
Ishmael Bangura, Managing Partner
Other Making Tax Digital and tax return services
MTD quarterly updates often sit alongside software set-up and your annual tax return. Explore related services below.
MTD Software Set-up & Training
For sole traders and landlords who would rather keep their own MTD records. We choose compatible software, set it up with your bank feeds and train you online, so each quarter feels routine.
Making Tax Digital
For sole traders, landlords and VAT-registered businesses unsure what Making Tax Digital means for them. We explain the rules, check when they apply to you and suggest the right level of support.
Self Assessments & Tax Returns
For landlords and property owners who need to report rental income to HMRC. We prepare and file your Self Assessment return, claim the expenses you are entitled to and keep you ahead of the deadline.
Self Assessment
For contractors, freelancers and the self-employed. We prepare and file your Self Assessment return, deal with HMRC on your behalf and tell you what to pay and when, so there are no surprises.
Bookkeeping for Property Owners
For landlords with one property or a growing portfolio. We record rental income and costs property by property, so you can see how each one is doing and your tax return rests on accurate figures.
Personal Tax Planning
For individuals with several income streams or changing circumstances. We look at your income, savings, pensions and family finances together, and help you plan ahead rather than react to deadlines.
Frequently Asked Questions
It depends on your income from self-employment and property and on HMRC’s timetable. We will check your position and tell you when, or whether, you need to join.
In some cases spreadsheets can be used with compatible bridging software. We will recommend the approach that suits your records.
Late quarterly updates can lead to penalty points under HMRC’s points-based system, and a financial penalty once you reach the points limit. The government announced at the Budget on 28 October 2026 that people who must join Making Tax Digital in April 2027 will not get penalty points for late quarterly updates in 2027/28. Measures announced at the Budget on 28 October 2026 still need Finance Bill or other legislation before they become law, and rates can change at future fiscal events.
Yes, in a new form. After the tax year you confirm your total income and finalise your tax with a final declaration, sent through MTD-compatible software. We will explain what this means for any other income you have.
It is your total income from self-employment and property before expenses (your turnover), not your profit. HMRC works it out from the tax return for an earlier tax year: for example, your 2025/26 return decides whether you need to join from April 2027. Other income, such as a salary, dividends, pensions or your share of partnership profits, does not count towards the threshold. We work it out for you.
Yes. HMRC writes to people it expects to join, but it is still your responsibility to check. We can check for you on your call.
Fees are agreed in advance, after your Discovery & Scoping Call, based on the scope of work. You will receive a written proposal before any work starts.
Request a callback
Prefer us to call you? Leave your details, the service you are interested in and a convenient time, and a member of the IB&Co team will call you back to talk through your circumstances.
Let us handle your MTD quarterly updates
Book a Discovery & Scoping Call to talk through your income and records, or ask for a quote and we will come back to you with a proposal.
Checked on 30 October 2026.