Making Tax Digital (MTD) is HMRC's initiative to modernize the UK tax system. Under MTD for Income Tax Self Assessment (ITSA), businesses must maintain digital records and submit returns using compatible software.
MTD Timeline
- 2026/27 Tax Year: Applies to clients with income of £50,000 or more
- 2027/28 Tax Year: Applies to clients with income of £30,000 or more
- 2028/29 Tax Year: Applies to clients with income of £20,000 or more
What BrightManager Offers
BrightManager provides two distinct MTD services:
- MTD Quarterly Filing - For managing quarterly tax submissions throughout the year
- MTD Final Declaration - For managing annual tax year declarations (similar to Self-Assessment returns)