About us

At Harris & Co, we specialise in tax consultation and Making Tax Digital support exclusively for self-employed individuals. We help you move from spreadsheets to compliant accounting software, choose the right package, set it up properly, and provide clear, practical training so you can stay organised, and fully compliant with your digital tax obligations.

our services

Making Tax
Digital Services

Are you still managing your taxes on spreadsheets? Most businesses currently file through the Government Gateway, but new Making Tax Digital rules are changing that.

From 1 April 2026, VAT returns must be submitted using approved accounting software. And MTD doesn't only apply to VAT registered businesses, self-employed individuals will also need to meet new digital reporting requirements.

Get MTD Ready
Personal Tax Returns

Tax Returns

Our tax return service helps self-employed stay compliant with HMRC, ensuring your income is reported accurately and submitted on time.

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Personal Tax Returns

Tax Advice

With taxation becoming increasingly complex, effective tax planning is essential to protect your profits and make informed financial decisions.

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Personal Tax Returns

Tax Planning

Effective tax planning helps self-employed individuals manage their finances more efficiently. We identify legitimate tax-saving opportunities and help you prepare for future liabilities.

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Get MTD Ready

Income Tax MTD

MTD for ITSA is the next stage of HMRC’s move towards fully digital tax reporting. It affects self-employed individuals, requiring them to keep digital records and submit updates to HMRC using approved software. The HMRC pilot programme reopened in April 2024.

MTD for ITSA will apply to self-employed businesses from:

01
April 2026

Phase 1 of MTD

Self-employed individuals with gross income greater than £50,000.
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02
April 2027

Phase 2 of MTD

Individuals with gross income between £30,000 and £50,000.
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03
April 2028

Phase 3 of MTD

Individuals with gross income over £20,000.
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The Government is still reviewing how MTD for ITSA will apply to those with turnover below £20,000.

Making Tax Digital for Self-Employed

Since April 2022, all VAT-registered businesses must keep digital records and submit VAT returns to HMRC using compatible accounting software, unless they qualify for an exemption (such as digital exclusion).

Once a business is registered under MTD for VAT, it must continue to follow the rules unless it deregisters for VAT.

We can help you stay compliant with MTD requirements by:

  • Setting up compatible accounting software for digital VAT record keeping and submissions.
  • Ensuring your VAT records meet HMRC requirements and are maintained accurately throughout the year.
  • Submitting VAT returns digitally through approved software to avoid compliance issues.
  • Providing ongoing support and guidance to help you adapt to changing HMRC regulations and reporting requirements.

Making Tax Digital for Self Employed

Income for MTD

Prepare for the
New Digital Tax Regulations

MTD is changing income tax reporting for the self-employed. Know what you need to do.
Learn More

Penalties

From April 2024, individuals taking part in the pilot phase of Making Tax Digital (MTD) for Income Tax are subject to the updated penalty system for late submissions and late payments.

This penalty framework will also apply to all taxpayers once MTD for Income Tax becomes mandatory.

How the New Penalty System Works

The updated regime introduces:

  • A points-based system for late submissions
  • Financial penalties for late payment of tax
  • Ongoing interest charges on overdue amounts
  • Penalties for inaccuracies in returns or supporting documents

Under the points system, penalty points accumulate for missed deadlines. Once a threshold is reached, a financial penalty is triggered.

Quarterly Updates

There will be no late submission penalties for missed quarterly updates for individuals who join MTD for Income Tax from 6 April 2026, nor during the official testing phase.

HMRC Powers

HMRC has discretion to cancel or reset penalty points and withdraw related financial penalties in certain circumstances. Understanding how the new regime operates is essential to avoid unnecessary costs and remain compliant under MTD.

how it works
1

Check for
compatible software

2

Register for
Self Assessment

3

Submit tax return
in the last 2 years

4

Sign up
via Gov.uk

Helpful Guides

Use online service to sign up for Making Tax Digital for Income Tax and find out what to do next.

Sign up for Making Tax Digital for Income Tax
Choose the right software for Making Tax Digital for Income Tax
Self Assessment tax returns
accreditation
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