Making Tax Digital

Making Tax Digital (MTD) Services

Making Tax Digital is HMRC’s initiative to transform the UK tax system by requiring businesses to keep digital records and submit tax information electronically using MTD-compatible software. CBM Accounting helps you navigate this transition seamlessly.

Whether you need to comply with MTD for VAT, MTD for Income Tax Self Assessment (ITSA), or are preparing for MTD for Corporation Tax, our team ensures your systems are set up correctly and your submissions are accurate.

MTD Timeline & Requirements

• MTD for VAT — Already mandatory for all VAT-registered businesses
• MTD for ITSA — Mandatory from April 2026 for self-employed individuals and landlords with income over £50,000
• MTD for ITSA (lower threshold) — From April 2027 for those with income over £30,000
• MTD for Corporation Tax — Expected in future phases

Our MTD Services Include

• Assessment of your current systems and MTD readiness
• Selection and setup of HMRC-recognised compatible software (Xero, QuickBooks, Sage)
• Migration from spreadsheets or paper records to digital platforms
• Staff training on digital record-keeping requirements
• Digital links and bridging software configuration
• Quarterly update submissions to HMRC
• End of Period Statement (EOPS) preparation
• Final declaration filing
• Ongoing compliance monitoring and support

Why Prepare Now?

Non-compliance with MTD can result in penalties from HMRC. Early preparation gives you time to choose the right software, clean up your records, and get comfortable with digital processes before deadlines arrive. CBM Accounting ensures a smooth, stress-free transition.