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0113 246 1234

ITSA the right time to move to the cloud

While the government has delayed the need for digital tax reporting it makes sense to move to Cloud accounting in order to be ready for the changes that are coming

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now come into effect in April 2026 for businesses, self-employed individuals, and landlords with gross business and/or property income over £50,000.

This will be followed in April 2027 for those with similar incomes over £30,000. The question is, how soon should your business start using cloud-based compatible software before that deadline?

The answer – the sooner the better.

Beyond compliance, the benefits of MTD cloud accounting software include:

MTD-compliant cloud accounting software will generate the summary updates, which must be sent to HMRC every quarter via your HMRC digital account under Making Tax Digital.

You will be able to see how much tax you owe based on the information you have provided, so you can be better prepared for future tax bills.

Adopting cloud-based accounting software is not just a matter of government legislation In the long-term it will make your accounting processes more efficient and help you save money.


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