The MTD software market continues to be riddled with misinformation about the use of spreadsheets and complying with MTD. Our Bridging Software Factsheet sets out everything you need to know about MTD for Income Tax and MTD for VAT, along with the software options available to you. And yes, Bridging Software is a long term option.
MTD for Income Tax is replacing the current Income Tax Self Assessment process. It affects self-employed people and landlords with an annual income of over £50,000 and is being phased in from April 2026.
This new tax system requires taxpayers to digitally file quarterly income and expenses, along with an annual summary and final declaration that all sources of income have been confirmed.
