MTD Quarterly Reports for Self-Employed and Landlords — HMRC Compliance
Get Ready for Making Tax Digital – New Rules from April 2026
From 6 April 2026, HMRC will introduce Making Tax Digital for Income Tax Self Assessment (MTD ITSA).
This means that all landlords and sole traders in the UK earning over £50,000 per year must:
- Keep digital accounting records,
- Submit quarterly income and expense reports online via MTD-compatible software, and
- File a final annual declaration through the MTD system.
At WiseTax, we help clients prepare for these new rules now – ensuring that your bookkeeping, digital tools and quarterly submissions are fully compliant with HMRC before the 2026 deadline.
Our MTD Quarterly Reporting Services Include:
Preparation and digital submission of quarterly VAT and income reports
We prepare and file your MTD quarterly income reports directly to HMRC, summarising all income and allowable expenses for each three-month period – accurately and on time.
Setup and integration of MTD-compatible accounting software
We set up your MTD-compatible accounting software (Xero, QuickBooks, FreeAgent, or bridging tools) and guide you through its use, so you can maintain your digital records with confidence.
Review and reconciliation of business transactions each quarter
Each quarter, we review your income and expenses, provide estimated tax calculations, and help you plan payments to avoid surprises at year-end.
Digital Record Keeping & Compliance Monitoring
We ensure your digital bookkeeping meets HMRC’s requirements – secure, accurate and fully traceable under MTD standards.
Annual Declaration & Year-End Support
At the end of each tax year, WiseTax prepares your final annual MTD declaration, reconciling all quarterly submissions and ensuring full compliance with HMRC.
