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

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.