Simplifying Making Tax Digital for accountants and bookkeepers.

How Sage is helping accountants and bookkeepers prepare for the MTD initiative

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Here are the key points:

MTD for Income Tax

  • From April 2026, MTD for Income Tax will apply to self-employed individuals and landlords with an annual income over £50,000.
  • From April 2027, it will extend to those with an annual income between £30,000 and £50,000.
  • Mandated businesses must use MTD-compatible software to keep digital records and submit quarterly summaries of income and expenses.

Sage’s solutions

  • Digital record keeping: Sage offers tools to digitise client records, automate data entry, and categorise transactions.
  • Quarterly updates: businesses can submit quarterly income and expense summaries to HMRC using Sage’s software.
  • Final declaration: at year-end, businesses can make final adjustments and submit a ‘final declaration’ to confirm accuracy.

Support and resources

  • Sage provides webinars, guides and expert support to help businesses transition to MTD.
  • The software is designed to be scalable and AI-powered, ensuring compliance and efficiency.

Client management

  • Sage’s client management tool helps accountants manage all clients in a single list, track tasks, and communicate MTD requirements.

Benefits

  • Improved efficiency, reduced manual work, and better compliance with tax regulations.
  • Enhanced collaboration between accountants and clients.

Find the full article, further webinars and guides on the Sage hub.