@360.accounts: Making Tax Digital for Income Tax arrives in April 2026 for self-employed people and landlords with qualifying income over ยฃ50,000. If your books still live entirely in Excel, it's worth checking whether your setup will still work. We get asked this every week in Guildford and Woking: should I stick with spreadsheets or move to Xero or QuickBooks? Here's the breakdown. ๐ช๐ต๐ฒ๐ป ๐๐ฝ๐ฟ๐ฒ๐ฎ๐ฑ๐๐ต๐ฒ๐ฒ๐๐ ๐บ๐ฎ๐ ๐๐๐ถ๐น๐น ๐ฏ๐ฒ ๐ฒ๐ป๐ผ๐๐ด๐ต: You're below the MTD for Income Tax threshold. You have low transaction volumes. You're comfortable with manual reconciliations. ou already use bridging software where needed. ๐ช๐ต๐ฒ๐ป ๐ฐ๐น๐ผ๐๐ฑ ๐๐ผ๐ณ๐๐๐ฎ๐ฟ๐ฒ ๐ฒ๐ฎ๐ฟ๐ป๐ ๐ถ๐๐ ๐บ๐ผ๐ป๐๐ต๐น๐ ๐ณ๐ฒ๐ฒ: You're VAT registered and already filing under MTD. You invoice clients and chase payments. You want bank feeds doing the heavy lifting. You'd rather see live numbers than maintain formulas. The truth many spreadsheet loyalists don't want to hear: Excel on its own won't submit MTD updates to HMRC. From April 2026, more self-employed people will need software that can. That doesn't mean spreadsheets are dead. It just means they've got a smaller job to do. Not sure which camp you're in? Drop a comment with your turnover bracket and we'll tell you straight. #MTD #makingtaxdigital #tax #digitaltax #taxreturns
