What is it?

Requires sole traders and landlords with qualifying income over £50,000 to maintain digital records and update HMRC each quarter using compatible software. This will come into effect from April 2026.

Who does it affect?

It applies only to sole traders and landlords. Partnerships are postponed with no new date and Limited Companies are exempt.

Individual partners or directors may be required to comply with MTD for ITSA if they have other self-employed or property income.

Requirements
•    4 quarterly submissions per business
•    1 annual final declaration submission per individual
•    Use MTD compliant software

How can Wilson Wraight help you

Our team of experienced bookkeepers can support your business through the transition to MTD for ITSA. Whether you require full management of your returns or occasional on-call support, we’re here to assist.

Below is a summary of the ways we can help:

1. We handle all bookkeeping – processing quarterly sales and expenses, then submitting returns to HMRC
2. You handle all of your bookkeeping – we then review, adjust if needed and submit to HRMC
3. You complete all the bookkeeping – we then use bridging software to submit the return
4. On-call support – our bookkeeping team is available for calls or meetings to discuss requirements anytime during the process

At Wilson Wraight, we understand that every business has different needs when it comes to managing their finances. Our flexible range of services ensures you received the right level of support to stay compliant and confident through the MTD for ITSA process. Get in touch with our team to discuss how we can best assist your business.

Email: bookkeeping@wilsonwraight.co.uk

Telephone: 01284 700727