Making Tax Digital Accountants

Since April 2026, Making Tax Digital (MTD) for Income Tax has been mandatory for sole traders and landlords with qualifying income over £50,000.

The requirements will extend to more people in April 2027 and April 2028, so now is the time to make sure your finances are ready for digital tax reporting.

At Mollan & Co, we understand tax changes can be stressful. With more than 40 years of experience, we provide clear financial insight and personalised support with MTD, giving you complete peace of mind so you can focus on what you do best – running your business.

Read our practical guide to Making Tax Digital.

Contact us today to find out how we can help

Who does Making Tax Digital apply to?

Making Tax Digital for Income Tax is being introduced in stages:

• From April 2026: mandatory for qualifying income over £50,000
• From April 2027: mandatory for qualifying income over £30,000
• From April 2028: mandatory for qualifying income over £20,000

Qualifying income refers to your total gross income from self-employment and property, before expenses are deducted and it is based on the tax return you submitted in the previous tax year.

It does not include income from employment (PAYE), dividends, your share of profit from a partnership as an individual partner, a State Pension, or private pensions.

MTD applies if:

• You are a sole trader or landlord registered for Self Assessment,
• And you receive income from self-employment, property, or both,
• And your qualifying income exceeds the relevant threshold.

You will need to:

• Keep digital records of all your business and/or rental income and expenses.
• Use MTD-compatible accounting software, such as Xero, Coconut, or FreeAgent.
• Submit quarterly updates to HMRC and provide an End of Year summary.

UK businesses have been using MTD for VAT since April 2022.

Our Making Tax Digital services

Finding the right accountant for your business is essential. With Mollan & Co, you will get:

• MTD-compliant software

Stay fully compliant with our software, recognised by HMRC, linked directly to your bank accounts.

• Training resources

Use your accounting software with confidence with our practical training resources.

• Full data entry (Gold package)

Save time and leave all data entry to us. We’ll ensure that every transaction is recorded correctly.

• Quarterly review and error checking

Get complete peace of mind as we review your figures each quarter and fix any issues.

• Quarterly update submissions

Keep your records and reporting on track with quarterly updates prepared and submitted accurately and on time.

• Final accounts preparation

Gain insights into your finances. We’ll prepare your accounts and combine all income sources at the year-end.

• Year-end tax adjustments

Pay the right amount of tax. We’ll apply all necessary allowances and adjustments before submission.

• End of Year submission
  End the year with confidence as we handle the final calculations, including total your income and tax liability.
• Performance analysis
  Identify tax-saving opportunities through our detailed performance analysis and tailored feedback.
• Bank account integration
  Submit data quickly with your business bank accounts linked directly to your accounting software.
• Monthly Direct Debit fees
  Keep payments easy and predictable with our monthly Direct Debit fee structure for MTD services.

Choose the right MTD package for you

Our Bronze, Silver, and Gold services provide flexible support for MTD. Packages start from £30 plus VAT per month.

Service Feature	Bronze DIY Option	Silver DIY + Checks (Recommended)	Gold Fully Serviced
MTD-compliant software provided	✅	✅	✅
Training resources provided	✅	✅	✅
Client enters data & uploads receipts	✅	✅	❌
Mollan & Co enters all data	❌	❌	✅
Quarterly review & error checking	❌	✅	✅
Quarterly update submission	❌	✅	✅
Final accounts preparation	✅	✅	✅
Year-end tax adjustments	✅	✅	✅
End of Year submission	✅	✅	✅
Performance analysis	✅ (basic)	✅ (standard)	✅ (detailed)
Bank account integration	Recommended	Recommended	Required
Monthly Direct Debit fees	✅	✅	✅

 

Essential Requirements for all MTD packages

To keep everything running smoothly and ensure compliance:

• Software setup. We’ll set up your software to match your business type and register you for MTD ITSA.
• Bank accounts. You’ll need separate bank accounts for business and rental income, connected to the software (mandatory for Gold packages).
• Receipt management. Receipts must be photographed and uploaded using our app.
• Data updates. Silver package clients must keep their records up to date and provide the information needed for each quarterly update in time for submission to HMRC. Quarterly deadlines generally fall on the 7th of August, November, February and May.
• data up to date by the 7th of the month following quarter-end.
• Linked accounts. Only business and rental transactions should pass through your linked accounts to avoid extra bookkeeping fees.
• Payment method. Fees will be paid monthly by Direct Debit.

Contact Us

Mollan & Co are expert MTD accountants with more than 40 years of experience supporting businesses across Yorkshire. As your trusted partner, we’ll take care of your MTD compliance, reporting, and submissions, so you can focus on running your business or managing your properties.

Ready to get your finances in order? Contact us today to start setting up your MTD account.

Contact Us