Making Tax Digital for Income Tax Self Assessment

Making Tax Digital for Income Tax Self Assessment

Sign up to be an early adopter. Be ready for the biggest change to income tax reporting in a generation!

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Find out how MTD affects you

Explaining MTD - Accountants - HMRC recognised

If you're an accountant, adviser or bookkeeper, read untied's special guide to Making Tax Digital  here.

What is Making Tax Digital for Income Tax Self Assessment?

Making Tax Digital (generally shortened to MTD) is a core HMRC project to modernise the systems that manage taxes in the UK.

It's not just HMRC that will be affected - Making Tax Digital or MTD is changing how we all report and pay our taxes.

It is being rolled out by HMRC one tax at a time. VAT was the first to go live. Businesses registered for VAT with revenue above £85,000 have been filing MTD VAT returns since 2019 - extended to those with sales above £10,000 in 2022.

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is the next phase of MTD and will affect over 4 million people who are self-employed or renting out property. It will be mandated from 2024, but untied is already live and helping people get used to this new way of managing our taxes.

 

What is MTD?

The biggest change to income tax reporting in a generation

MTD places mandatory digital record-keeping requirements on businesses and introduces quarterly reporting requirements.

Instead of one tax return submitted many months after the end of the tax year, MTD involves quarterly reporting during the year, with any final numbers confirmed after the year-end.

Does MTD ITSA affect me?

Use our MTD checker below to quickly see if MTD ITSA is relevant to you. It takes less than 2 minutes to check!


How do I prepare for Making Tax Digital?

Preparing for MTD

If you're self-employed, run a small business, or are a buy-to-let investor, MTD ITSA will be coming your way in April 2024. It's never too early to plan and prepare for changes. 

Sign up to untied today and be ready to move to MTD reporting when the time comes. untied will make the transition quick, smooth, and seamless.

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Will I be able to file my taxes via HMRC?

HMRC has a long-term ambition to become one of the most digitally advanced tax administrations in the world. Their main goal with MTD ITSA is to make the tax administration more effective, more efficient, and simpler for taxpayers. To help do this, HMRC will use the expertise of software providers like untied, to build digital solutions that make it simple and stress-free to do your taxes.

Accountants and MTD

Can I use untied if I already have an accountant?

Yes, absolutely! Accountants will need to use MTD recognised software with their clients too. Our adviser portal has been co-designed with accountants, ––specifically with MTD in mind––and we continue to work closely with accountants on our MTD early adopter programme.

We've created a Making tax Digital guide for accountants.

Trusted by happy users

Simmone

Simmone

Fitness instructor

“The app is so quick and easy to use and it took minutes to submit! Stress free tax return done!”
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Alison

Nail salon owner

"I am honestly so impressed with this app. I am such a technophobe, but it's so easy to use. I'm completely up to date with allocating things on it. I've never been so organised!"
Jay

Jay

Delivery rider and YouTuber

“Definitely worth it. Saves me a lot of time and money. So glad I discovered this app.”
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How does MTD affect your accountant? 

For accountants, MTD ITSA could mean more work – it will certainly involve more reporting. They'll want to use software like untied, together with their clients, to make things as smooth as possible.

Everything accountants need to know about Making Tax Digital for Income Tax Self Assessment (MTD ITSA)

Many accountants will have already heard about MTD ITSA, but may be wondering, “What do I need to do for making tax digital?”, or “What will MTD mean for my clients?”

These are some of the questions we hear a lot at untied, so we’re here to give you the full low down in our guide to MTD ITSA for accountants.

Everything for accountants
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What is the best accounting software for MTD?

We know there can be a few different platforms to choose from, so we’ve put together some top tips and a checklist that bookkeepers and accountants can use when selecting the right solution. 

untied has been innovating in this space as the first end-to-end software recognised by HMRC for Making Tax Digital for Income Tax and we’re working with accountants on our MTD early adopter programme.

Can untied work with my accountant?

Yes, absolutely! Our adviser portal has been co-designed with accountants, specifically with MTD in mind.

We continuously work with accountants on our MTD early adopter programme.

HMRC recognised

The choice for accountants in practice

sbarker

Stephen Barker

Owner of Martin Brook Business Services serving small businesses and entrepreneurs

"With untied my clients can link their bank accounts and import transactions saving us hours when preparing tax returns"

Paul B

Paul Basham

Chartered accountant and owner Lighthouse Accounting Services

"untied is far ahead of others in the market, with an MTD ITSA-ready platform that helps me help my clients. All the data I need is there in real time. It's quick, efficient and a pleasure to use"

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Sign up for MTD Early Adopter Programme

We think that taxes should be smooth and that you should be in control. untied is the first MTD service that goes all the way from bank transactions through to submitting to HMRC. Join untied today and be ready for when MTD goes live in 2024.

If you'd like to be one of the MTD pioneers, you’ll want to sign-up for untied's MTD early adopter programme and be among the first in the country to use MTD for Income Tax Self Assessment. You’ll get lots of support along the way from untied.

Sign up for MTD

Here’s how it works:
   - Fill in the form below to get yourself on the waiting list
   - When untied and HMRC are onboarding the next wave of MTD users, we’ll get in touch to offer you a place on the programme
   - If you're eligible -- which currently depends on a number of factors -- you can then decide to take part on the programme
   - We’ll send you MTD bulletins so you know what’s happening

Sign up today to be an early adopter!