BE PREPARED FOR DIGITAL SELF-ASSESSMENT

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software.​

For individuals, MTD for ITSA will be introduced in phases:
‍
from April 2026, for those with qualifying income over £50,000

from April 2027, for those with qualifying income over £30,000

from April 2028, for those with qualifying income over £20,000

​The government is also committed to introducing MTD for ITSA to Partnerships and Trusts.

TaxNav is a flexible and user-friendly MTD bridging solution for clients HMRC self-assessment submissions.​

HMRC is making digital submissions of all Income Tax Self-Assessment mandatory which started in April 2026, under the new name ‘MakingTax Digital for IT’. This will be somewhat different from the current self-assessment scheme that is known simply as Self-Assessment. MTD Software has a new product already available and selling in the marketplace.

MTD IT will be very similar in many ways to the current self-assessment submission, but there will also be some important differences, namely 5 submissions to HMRC per year as opposed to a single return.

Clients by subscribing to our TaxNav solution now, will be much better prepared for the changeover to MTD IT in the next three years.

Our TaxNav solution covers submissions for individuals, businesses, and landlords with UK and Foreign property, all from within the single TaxNav core product. We also support multi-income stream self-assessment submissions, and for practising accountants who need to provide making tax digital self-assessment submissions for their many clients.