If you're affected, it’s a good idea to start preparing now by choosing MTD-compatible software like Coconut.
Coconut is built specifically for MTD for Income Tax — to make the whole switch quick, painless and worry-free.
We know running a business is enough work without the extra pressure of managing your accounts. Coconut takes care of the tricky bits so you can focus on what you do best.
See how your business is doing whenever you want — no more waiting until the end of the year to find out how things are really going.
Create, send and track invoices easily from your phone or computer. Spend less time chasing customers and more time getting paid.
Snap photos of your receipts and store them safely in one place. Say goodbye to that messy pile of paperwork.
We help keep everything organised and on track so deadlines don’t sneak up on you, without the extra pressure of MTD for Income Tax.
HMRC is changing the way tax returns work. Here's how...
MTD is HMRC’s move to digital tax filing.
No more paper returns or clunky systems — just quicker, simpler submissions online. It’s all about making tax more accurate and less stressful.
You, from April 2026.
Making Tax Digital for sole traders earning over £50,000 kicks in from April 2026. That might sound far off, but it’s worth getting sorted early. If you earn less than £50,000 per year, MTD is coming to you soon too so get prepared now!
You’ll need to submit via compatible software.
With Coconut, you’re already sorted. You’ll also submit updates of your income and expenses every quarter, not just once a year.
Making Tax Digital is on its way — and while the big switch isn’t happening just yet, the best time to get ready is now.
Making the switch to MTD doesn’t have to be stressful. Sign up for Coconut and you’ll have everything you need to stay on top of it — with zero hassle and more support.
Sign up now for a free 30-day trial and see for yourself!
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