2026 bookkeeping software tax return 
Accounting Insight
MAY 9, 2025
Be able to provide their Income Tax return information to HMRC through compatible software. MTD for VAT was HMRCs first phase of MTD, which involved requiring all VAT-registered businesses to keep digital records and submit VAT returns electronically. Who is exempt from MTD for Income Tax? What is MTD for VAT?
Accounting Insight
MAY 1, 2025
The reasoning for this is that its thought itll make it easier for companies and individuals (sole traders) to get their personal tax returns right. Originally, MTD was planned to launch in April 2018 this was then pushed back several times, and is now set to be mandated in 2026 or 2027 depending on the taxpayer’s threshold.
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