Why Use DS Burge & Co to help with your Making Tax Digital for Income Tax
- We will start by reviewing your current record-keeping setup to understand what changes are needed and which of our packages is the best fit for your circumstances.
- We will advise you on how to structure your banking to keep business income and expenditure separate from personal spending, making your bookkeeping and filings as straightforward as possible.
- Following the introduction of MTD for ITSA, you will need to keep digital records on HMRC-compatible cloud-based accounting software. As a Xero Platinum Partner, we will be working with Xero to meet these requirements and manage your digital records. We will help you set up your Xero account and ensure it is working as expected.
- If we are taking care of your quarterly filings, we will check your bookkeeping before submitting your quarterly updates, accurately and on time. These are due one month after each quarter end.
- We will assist with your annual filing (year-end final declaration), submitting this to HMRC on your behalf by 31 January after the tax year end, including all your other income too. This is also a good opportunity to review your tax position and identify any planning opportunities for the year ahead.
- If you opt for our Full Service, we will also take care of your day-to-day bookkeeping, ensuring no errors when it comes to filing your quarterly and annual returns.
Let us take the stress out of Making Tax Digital for Income Tax Self-Assessment
Speak to one of our expert tax accountants for dedicated support, tailored advice, and full HMRC compliance.
Our Making Tax Digital for Income Tax Services
We offer a range of services to suit your needs, based on how much time you’d like to spend on your day-to-day bookkeeping and filings. Whether you’d like to handle your quarterly filings or have us manage everything, including your day-to-day reconciliation with our bookkeeping services, we have a package to suit your MTD for ITSA requirements.
We understand that this is an additional administrative burden for you in terms of time and cost. We are here to help make it as painless as possible. Please get in touch with us to discuss which option works best for your specific circumstances.
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Does Making Tax Digital Apply to Me as a Self-Employed Individual or Landlord?
MTD for ITSA applies to self-employed individuals and landlords with a combined income above £50,000 from April 2026, with further thresholds coming in April 2027 and 2028. To find out whether you're affected, visit our dedicated Making Tax Digital for Income Tax guide.
If you are affected, DS Burge & Co can help you with every aspect of your MTD obligations, including:
- Setting up and managing your Xero account for HMRC-compliant digital record-keeping
- Advising you on how to structure your finances
- Preparing and submitting your quarterly updates accurately and on time
- Filing your year-end final declaration, including all other income sources
- Taking care of your day-to-day bookkeeping, if you'd prefer a fully managed service
Whether you need hands-on support or simply want us to handle everything on your behalf, we have a package to suit you. Get in touch to discuss your circumstances.
Making Tax Digital for Income Tax (MTD for ITSA) FAQ
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is HMRC’s scheme that requires self-employed individuals and landlords above an income threshold to keep digital records and submit quarterly updates to HMRC, followed by a year-end final declaration. For a full overview of the scheme, visit our dedicated article on MTD ITSA.
Under MTD for ITSA, you are required to submit four quarterly updates per year, each due one month after the quarter-end, followed by a one-year-end final declaration. This replaces the single annual Self Assessment tax return you currently file.
HMRC requires digital records to be kept using compatible cloud-based accounting software. At DS Burge & Co, we work with Xero, and as Xero Platinum Partners, we can set you up on their Simple plan, which is specifically designed to meet MTD requirements.
HMRC uses a points-based system for late filings. Once your points reach a threshold, a financial penalty is charged. There are also late payment surcharges for unpaid tax. It is worth noting that HMRC has indicated they will not apply penalty points for late quarterly updates in the first year of MTD (2026/27); however, penalties can still apply for late tax payments and year-end declarations.
MTD for ITSA applies from April 2026. You can find the full timeline and latest updates in our dedicated Making Tax Digital article.
You can manage your own quarterly updates and bookkeeping, and we offer a package that supports you with just the annual filing if you’d prefer. However, many self employed individuals and landlords find that the quarterly deadlines and digital record-keeping requirements add significant time and complexity. Our Quarterly Filings and Full-Service packages are designed to take that burden off your hands entirely, giving you confidence that your submissions are accurate and on time.
Yes, you are still responsible for retaining receipts and purchase invoices to support any business expenses you claim. These can be kept as paper or digital copies. Your digital records in Xero will record the transactions themselves, but the underlying paperwork should be kept separately as supporting evidence.