A practical guide for sole traders, landlords, and small business owners designed to show you all key dates for MTD, and how we can support you every step of the way.
Making Tax Digital: Where we are now and what comes next
21 July 2026
Making Tax Digital (MTD) has moved from preparation into practice. With the first quarterly reporting period complete and the first submission deadline approaching, the focus is no longer on getting ready, it’s on putting effective processes in place and building routines that make compliance easier throughout the year.
As businesses and individuals continue adapting to the new requirements, early experiences are helping shape practical workflows and identify areas for improvement.
The current MTD landscape:
The transition to digital tax reporting is now actively underway, with quarterly submissions becoming part of regular financial administration for thousands of taxpayers.
Quarterly reporting is now in motion.
Maintaining digital records has become a fundamental requirement.
Early submissions are providing valuable insight to help establish practical processes.
While the initial adjustment may have presented challenges for some, the experience gained from these first submissions is helping organisations build stronger, more efficient systems for the future.
What’s happening now and what’s next?:
Current Priorities:
Completing and reviewing quarterly submissions.
Maintaining accurate digital records throughout the year.
Embedding reliable reporting processes into everyday operations.
Looking ahead:
Quarterly updates will continue throughout the remainder of the tax year.
MTD requirements will extend to additional businesses and landlords in future phases.
Digital tools and internal processes will continue to evolve, helping improve efficiency and accuracy.
MTD timeline: Key dates to remember
The rollout of Making Tax Digital is being introduced in stages, allowing taxpayers time to adapt.
7th August 2026
1st quarterly submission
Quarterly reporting
7th Nov, 7th Feb, 7th May
April 2027
Income threshold for MTD reduced to £30,000
Four ways to stay on top of MTD :
1. Keep records updated
Accurate, up-to-date records make quarterly submissions significantly easier. Regular record-keeping reduces errors and helps avoid last-minute corrections before deadlines.
2. Create a consistent routine
Rather than viewing quarterly submissions as standalone tasks, incorporate them into your regular administrative processes. Monthly reviews or scheduled bookkeeping sessions can help prevent reporting bottlenecks.
3. Use your software effectively
Digital accounting software plays a central role in MTD compliance. Consistent use of your chosen system helps ensure records remain complete and reduces the risk of issues arising at submission time.
4. Maintain regular contact with your adviser
Periodic reviews with your accountant or tax adviser can highlight opportunities for improvement and help ensure your approach remains aligned with evolving requirements.
Frequently asked questions:
Not necessarily. Many businesses find that the first reporting cycle highlights areas where processes can be improved. The early stages of MTD are an opportunity to refine systems and make future submissions more efficient.
In most cases, yes. Once digital record-keeping and quarterly reporting become part of normal business routines, the process typically becomes far more manageable and less time-consuming.
The main priority is consistency. Keeping records current, following established processes, and monitoring submission deadlines will help ensure future updates, and the final annual declaration, are completed with minimal disruption.
Additional Support and Resources:
There is a growing range of guidance available to help businesses and individuals navigate Making Tax Digital across our website. From case studies, practical examples, and real-world scenarios to podcasts and articles, we can help you to understand how the new rules apply to you and your business. Head over to our MTD page to learn more.
Need Advice on Making Tax Digital?
Speak to our MTD specialists to discuss your requirements and ensure your reporting processes are set up for success.
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