From April 2026, a major change is coming to how many people report their income tax. Known as Making Tax Digital (MTD), the new system is designed to move tax reporting online. If you’re a sole trader or landlord in Burton-on-Trent or Swadlincote, it’s time to get prepared.
At Woodville Accounting & Payroll, we’re already helping local clients make the switch to digital, so they’re ready well before the deadline.
What Is Making Tax Digital?
Making Tax Digital is part of HMRC’s plan to modernise the UK tax system. It’s already in place for VAT-registered businesses and will soon apply to Income Tax too.
From April 2026, anyone earning over £50,000 from self-employment or property income will need to follow MTD rules. This means:
- Keeping digital financial records
- Submitting quarterly updates to HMRC using approved software
- Filing a final annual declaration
By April 2027, the threshold will drop to £30,000, affecting even more taxpayers.
How Will It Affect You?
If you currently track your income and expenses on paper or a spreadsheet, you’ll need to switch to MTD-compliant software. You’ll also need to start reporting to HMRC more frequently – every three months instead of just once a year.
It’s a new way of working, but with the right support, it can actually make managing your tax simpler.
Getting the Right Software
There are lots of software options out there, from basic tools for small businesses to more comprehensive systems. The right one for you will depend on how complex your finances are and how comfortable you are with technology.
At Woodville Accounting & Payroll, we’ll help you:
✔Choose software that meets MTD requirements
✔Set it up properly
✔Learn how to use it with confidence
✔Stay on track with your deadlines
Why Start Preparing Now?
Although the change doesn’t take effect until 2026, starting early means you’ll avoid any last-minute stress. By switching to digital now, you’ll get used to the software and how the system works – well before you’re required to use it.
You’ll also benefit from clearer insights into your finances, fewer tax errors, and less paperwork in the long run.
We’re Here to Help
We’ve already started helping sole traders and landlords across Burton-on-Trent and Swadlincote get ready for MTD. Whether you want full support with everything, or just a little help to get set up, we’re ready when you are.
Our services include software setup, bookkeeping support, tax advice, and quarterly submission management – all personalised to suit your business.
Speak to Your Local Accountant Today
Let’s make the transition to digital tax simple and stress-free. Whether you’re looking for help getting started or want full support throughout the year, we’re here to help.
Tel: 01283 819385 | Email: [email protected]
Bretby Business Park, Ashby Road Bretby Burton On Trent DE15 0YZ
