MTD ITSA
solutions.
Accounting is all we do, which makes us a natural first port of call for any Making Tax Digital for Income Tax question you have. We'll keep your business compliant, without the new HMRC rules meaning new hassle.
New HMRC requirements
shouldn't mean new hassle.
Years of supporting UK businesses through HMRC change have taught us one thing: a new requirement from HMRC shouldn't mean extra effort, or extra worry, for you.
By pairing an all-inclusive accounting service with hands-on help navigating MTD ITSA, your dedicated accountant at The Accounting Space is always on hand to keep you fully compliant.
Combined with our easy-to-use, MTD-ready bookkeeping software, included free with every subscription, it's what makes our small business accounting service stand out from the rest.
Everything you need
to get MTD ITSA ready.
Clear, compliant advice
Accurate guidance on every upcoming HMRC change around MTD ITSA, and exactly how it affects you and your business.
MTD-ready software
Fully compliant, MTD ITSA-ready software included free, so your quarterly submissions to HMRC are quick and painless.
Experience in every sector
Whatever sector you work in, your dedicated accountant brings the knowledge and experience to keep your business fully informed.
What is
MTD ITSA?
Making Tax Digital for Income Tax (MTD ITSA) is a new way for the self-employed, Construction Industry Scheme workers and landlords to report their earnings to HMRC.
Instead of one annual return, affected businesses report on a more frequent basis throughout the year. If you're affected, you'll need to:
- Keep digital records of your income and expenditure
- Use MTD-compliant software
- Send HMRC quarterly updates of your income and expenditure
- Make any adjustments through a final end-of-year declaration
When does MTD ITSA start?
Earning over £50,000
MTD ITSA becomes mandatory for self-employed people and landlords with income over £50,000 a year.
Earning over £30,000
The threshold lowers, MTD ITSA extends to those earning over £30,000 a year.
Earning over £20,000
MTD ITSA extends again to those earning over £20,000 a year.
HMRC may bring smaller earners into MTD ITSA later, but that hasn't been decided yet.
Get MTD ITSA ready, well ahead of your deadline.
Get a transparent fixed-fee monthly quote in seconds. From £8.33/month + VAT, no commitment.