What is MTD for ITSA?
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is HMRC's initiative requiring sole traders and landlords to keep digital records and submit quarterly income updates. From April 2026, sole traders with turnover above £50,000 must comply, with the threshold dropping to £30,000 shortly after.
Figurs was built from the ground up to handle MTD compliance. Rather than bolting on MTD features to an existing system, every part of the platform from bank reconciliation to expense categorisation feeds directly into your quarterly submissions.
How Figurs Handles MTD
Quarterly Updates
Figurs automatically aggregates your income and expenses into HMRC-compliant quarterly periods. Review and submit directly to HMRC with one click.
End of Period Statements
After your quarterly updates, Figurs helps you prepare and submit End of Period Statements (EOPS) with accounting adjustments and corrections.
Obligations Calendar
Never miss a deadline. Figurs syncs with HMRC to show your obligations calendar with clear indicators of what is due and when.
Final Declaration
Complete your tax year with a Final Declaration to HMRC. Figurs calculates your tax liability and handles the full submission workflow.
Built for the UK Tax System
Figurs uses HMRC income categories for property income, trading income, and other sources. Your bank transactions are automatically categorised into the correct HMRC reporting categories, so quarterly updates are accurate and complete.
Important: MTD for ITSA becomes mandatory for sole traders with turnover above £50,000 from April 2026. The threshold drops to £30,000 shortly after. Figurs helps you prepare now so you are ready when it becomes law.