Making Tax Digital
The way you report tax is changing. With Making Tax Digital, HMRC is moving tax reporting and record keeping fully online, and we make sure you stay compliant without the complexity. From setup to submissions, Averix Accountants takes care of everything, so you can focus on growing your business, not tax paperwork.
Making Tax Digital: What It Means for You.
Making Tax Digital is changing how you report tax to HMRC: instead of a single annual return, you'll need to keep digital records and submit updates throughout the year. For sole traders and landlords, this means adapting new systems and staying consistently organised. At Averix Accountants, we handle the entire transition, so you stay compliant without the stress.
We set up the right systems and software so your records are fully MTD compliant from day one.
Quarterly submissions are managed for you, accurately and on time.
From setup to year end, we take care of everything so you can focus on your business.
Making Tax Digital: phased rollout & thresholds.
HMRC is introducing Making Tax Digital for Income Tax in stages, based on your total annual income from self-employment and property. This phased approach allows individuals and businesses to gradually transition to digital reporting.
Applies to individuals whose total gross income exceeds £50,000 in the 2024-25 tax year. Income is calculated on the combined total of self-employment and property income (for example, sole trade plus rental income). You must maintain separate digital records for each income stream, use MTD-compatible software, submit quarterly updates to HMRC, and file a final year-end declaration.
The qualifying income threshold lowers to £30,000, bringing a much wider group of sole traders and landlords into Making Tax Digital.
The threshold is expected to lower again to £20,000, extending digital reporting to most self-employed individuals and landlords.
Submission deadlines & reporting schedule.
The final step in each tax year, replacing the traditional self-assessment return. It includes all sources of income (for example, employment and dividends), confirms your submitted data is complete and correct, and finalises your tax position for the year.
Who needs to follow Making Tax Digital?
From April 2026, MTD applies to sole traders and landlords with higher levels of self-employment or rental income. If you’re not required to comply yet, preparing early gets you a significant advantage: cleaner records, smoother quarters, and no last-minute scramble when your threshold arrives.
Frequently asked questions.
We deliver expertise you can trust.
We're here to make managing your finances simple and stress-free, so you can focus on your business with peace of mind. Whether you're a small business owner, run a limited company, or are self-employed, we have the experience you can count on.
Expert Knowledge
Our team of UK accountants has years of experience, providing income tax advice and taxation services that simplify complex financial tasks and reduce paperwork. We help keep your business finances organized, giving you the freedom to focus on growth.
Personalised Service
At Averix Accountants, we put your needs first. We offer tailored solutions, ensuring accuracy and clarity in everything we do, so you can run your business with confidence.
Dependable and Transparent
We pride ourselves on clear communication. We'll keep you informed throughout the process, providing dependable guidance so you can make the best financial decisions for your business.
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Accounting Solutions for every business need.
Accounting Software
Seamless setup and integration of leading accounting software, tailored to your business for improved efficiency and financial control.
VAT Returns
Expert VAT services to ensure timely, accurate filing, minimising overpayments and helping businesses stay compliant with current tax regulations.
Tax Returns
Simplified tax filing for self-employed individuals and small businesses, maximising savings with expert guidance on deductions and compliance.
Bookkeeping
Professional bookkeeping to keep your financial records organised, accurate, and up-to-date, ensuring smooth operations and simplified financial reporting.
Payroll Services
Efficient, accurate payroll management for limited companies, ensuring employees are paid on time while meeting all payroll compliance and reporting requirements.
Making Tax Digital
End-to-end support to help you transition into Making Tax Digital with ease. We ensure your records, systems, and submissions are fully compliant, so you avoid penalties and stay in control of your finances.
Need a personalised solution?
Every business is unique. Reach out today, and let’s craft a customised accounting approach that aligns perfectly with your financial goals.
Trusted by Businesses Like Yours.
Sophia was great handling my tax return, talking me through what I needed to do and offering advice and guidance along the way.
Sofia was very friendly and efficient in her consultation. I highly recommend her service.
Very helpful. They get it done good job 👏
Our Pricing Structure.
Get in touch today to explore solutions tailored to your profession, whether you're a sole trader, taxi driver, property investor, company director, or more. We pride ourselves on providing competitive, clear pricing and expert service.
Everything you need to stay fully compliant with Making Tax Digital, handled by our expert team from start to finish.
- Digital setup and onboarding
- Quarterly reporting to HMRC
- Full year-end finalisation
- Dedicated support and guidance
- Continuous compliance monitoring
Get in touch today to explore solutions tailored to your startup or Ltd company. We pride ourselves on offering competitive, transparent pricing and expert service to support your business growth.
Everything from Starter package and following
- Monthly Payroll Processing Up To 10 Staff / Directors
- Assistance With Gaining Funding/Borrowing
- VAT Returns
- Receipt Scanning Self Assessment Filing Up To 2 Directors (Additional Director £30 Per Month)
- Credit Control Assistance - Debt Chasing (Inc Passing On To A Collecting Agency)
- Document Storage
Everything from Growth package and following
- Monthly Payroll Processing Up To 20 Staff / Directors
- Document Storage/ Receipt Scanning
- Outsourced FD Service, Quarterly Meetings
- Monthly Management Accounts
- Monthly Bookkeeping Auditing
We Use the Technologies You Use.
We handle the complexities of financial reporting, ensuring your annual accounts are always accurate, up-to-date, and fully compliant with HMRC and Companies House requirements.
Our thorough approach not only ensures compliance but also offers a clear picture of your company's financial health, empowering you to make informed strategic decisions with confidence.
Streamline your accounting needs with our all-in-one solution, including payroll and VAT management. This integrated approach saves time and simplifies your financial processes.
Get Expert Financial Support.
Experience the difference that dedicated, professional support can make. Book your consultation today to get started.