At Precision Accountants Ltd, we make it simple for individuals and businesses in Sevenoaks to stay compliant with Making Tax Digital (MTD). From setup to quarterly submissions, our chartered accountants help you manage your records digitally, reduce errors, and avoid penalties. Whether you are a sole trader, landlord, or running a small business, we’ll ensure your digital tax journey is smooth and stress-free.
Why Making Tax Digital matters for self-employed and landlords in Sevenoaks & Kent
The shift to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) means the way you report income to HMRC is changing. Paper records and annual tax returns are being replaced with digital record-keeping and quarterly updates through compatible software.
For self-employed professionals and landlords across Sevenoaks and Kent, MTD helps maintain a clearer financial picture, making it easier to stay organised and on top of your tax position. At Precision Accountants Ltd, we guide you through every stage, from selecting HMRC-recognised software to submitting your final declaration accurately and on time.
Who needs to use MTD for Income Tax?
If your total qualifying income (from self-employment or property) exceeds £50,000, you must follow MTD rules from April 2026. The threshold drops to £30,000 from April 2027.
Those below these thresholds will continue using Self-Assessment until HMRC announces further changes. We’ll keep you informed on the latest developments and ensure you remain compliant with your digital obligations.
What changes under MTD for Income Tax
Here’s how the new system differs from traditional tax filing:
How we help as your local expert
At Precision Accountants Ltd, we provide comprehensive MTD support to self-employed individuals, landlords, and small businesses in Sevenoaks and the surrounding areas. Our services include:
- MTD registration and software setup – We help you register for MTD and select compatible cloud-based software.
- Digital record migration – Move your paper or spreadsheet records into compliant digital formats.
- Quarterly reporting assistance – Ensure your updates are accurate and on time to avoid penalties.
- Tax review and final declaration – Verify your tax position and submit the final declaration before 31 January.
- Training and ongoing support – Our team ensures you’re confident using digital systems for income and property reporting.
Explore our bookkeeping services or meet our chartered accountants in Sevenoaks to see how we can streamline your MTD transition.
Common challenges & how to avoid penalties under MTD
Adapting to digital tax reporting can feel daunting, especially if you’re used to manual record-keeping. Some common challenges include choosing the right software product, missing quarterly deadlines, or misunderstanding data integration requirements.
Our proactive approach helps you avoid HMRC penalties, maintain an accurate digital link between records, and ensure your submissions always meet compliance standards. If needed, we can integrate API-connected solutions for seamless updates and reporting.
Get started today for tailored MTD guidance for Sevenoaks and surrounding areas.
If you’re based in Sevenoaks, Kent, or the South East, now is the time to prepare for the next phase of Making Tax Digital. Let our friendly and experienced accountants help you make the switch effortlessly.
Discover how Precision Accountants Ltd can simplify your tax obligations with reliable digital record-keeping and local expertise.
Get in touch today. Contact our team on 01732 387 059, read our client testimonials, or explore the areas we cover.
Frequently asked questions about MTD for Income Tax
1. What is Making Tax Digital (MTD)?
MTD is an HMRC initiative that requires individuals and businesses to keep digital tax records and submit quarterly updates instead of annual paper returns.
2. Who does MTD for ITSA apply to?
It applies to self-employed individuals and landlords earning over the income thresholds (£50,000 in 2026, £30,000 in 2027).
3. What software do I need?
You’ll need HMRC-compatible software, such as cloud accounting tools or bridging software. We’ll help you choose the best option for your setup.
4. Can my accountant manage MTD submissions?
Yes. As your agent, Precision Accountants can handle your entire MTD process, from setup to quarterly updates and the final declaration.
5. What happens if I miss a submission deadline?
HMRC may apply a points-based penalty system for late submissions. With our help, you can avoid these issues entirely.