Insights

Following our earlier guidance on HMRC’s upcoming digital filing requirements, CRM is pleased to provide an overview of the options available to clients who will be required to submit quarterly returns under Making Tax Digital for Income Tax from April 2026.  

Please be reminded that you’ll need to use Making Tax Digital for Income Tax from April 2026 if all the following apply: 

• You’re a sole trader or a landlord registered for Self-Assessment  

• You get income from self-employment or property, or both 

• Your qualifying income is more than £50,000 (for the tax year ended 24 – 25) 

Initial steps 

1. Register with HMRC for ITMTD * 

2. Decide how you would like to file your in-year returns. See options below:  

I am already using ITMTD compatible software for recording my self-employment / rental income: 

• Option 1 – You can link your software directly to HMRC and make your own in-year submissions. CRM will then consider the in-year submissions as part of the end-of-year self-assessment tax return preparation. 

• Option 2 – CRM can complete the in-year submission each quarter and file on your behalf. CRM will need access to your software to make the filings and will need to be authorised with HMRC to make submissions. * 

I am not using software for recording my self-employment / rental income: 

• Option 1 – Where transactions are minimal and a software package is not feasible, CRM can provide you with template spreadsheets. You can enter the relevant data and send these to CRM to make the in-year submissions. The year-end self-assessment return is completed in the normal way, taking into consideration the in-year filings. * 

• Option 2 – If you would not like to complete spreadsheets each quarter, CRM can set you up on our in-house software. You will need to provide CRM with bank transactions for the quarter.  From here, CRM will post the data and file the in-year returns. The year-end self-assessment return is completed in the normal way, taking into consideration the in-year filings. *  

• Option 3 – You can opt to subscribe to an accounting software and add CRM to the account. CRM can complete the bookkeeping on your behalf and make the relevant in-year submissions. The year-end self-assessment return is completed in the normal way, taking into consideration the in-year filings. * 

*Additional charges will apply for this service