Making Tax Digital (MTD)

MTD is HMRC’s move to a fully digital tax system. If you run a business or earn income from property, you’ll need to switch to digital tax filing using approved software.

Charterwells helps small businesses, landlords, and limited companies stay compliant and stress-free.

Who needs to follow MTD

All VAT-registered businesses must comply now.

From April 2026, it extends to sole traders, partnership and landlords earning over £50,000 business or property income. This is gross income not the net profit.

From April 2027, it will apply to those earning over £30,000

If you are a company director, who also has gross rental income over these limits, then this will also apply to you.

What does MTD Involve

You’ll need to:

Keep digital records of your income and expenses
Use HMRC-approved software (e.g. Xero, FreeAgent)
Submit quarterly updates instead of annual returns

How Charterwells can help you with MTD

We handle everything from setup to submission:

MTD Software Setup & Training

We provide and configure Xero, or FreeAgent
Optional training for your team or complete bookkeeping support

Digital Bookkeeping & VAT Filing

All your records stored digitally
We file directly with HMRC on your behalf

Quarterly Reports & Ongoing Advice

Proactive reviews of your finances
Regular insights to help you plan and save

MTD for Landlords

From April 2026, property landlords earning over £50,000/year must use MTD software to record rental income/expenses. Submit quarterly reports and an annual declaration.

We help with:

Selecting the right software for property income
Recording mortgage interest, agent fees, repairs
Filing reports correctly and on time

Get in Touch

Book a Free Consultation Today

Let us check your MTD obligations and build a plan that works for you.

Email: enquiries@charterwells.co.uk