Making Tax Digital (MTD) for Consultants
Consultants are increasingly required to manage their tax affairs digitally under Making Tax Digital (MTD). Whether you work independently or alongside multiple clients, keeping up with quarterly submissions and digital record-keeping can quickly become a distraction from your core work.
Sterling & Wells helps consultants meet their MTD obligations with confidence, handling the compliance while you focus on delivering value to your clients.
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How MTD Works for Consultants
Making Tax Digital (MTD) requires consultants to keep accurate digital records and submit quarterly updates to HMRC. This ensures that your income and expenses are correctly reported and reduces the risk of errors or penalties.
A well-structured MTD process keeps your financial records organised, simplifies quarterly submissions, and makes year-end reporting straightforward. It lets you focus on your consultancy work while staying fully compliant with HMRC rules.
Why Consultants Choose
Sterling & Wells
Sterling & Wells supports consultants across a wide range of industries, helping them stay compliant while keeping administration to a minimum.
Consultant-Focused MTD Expertise
We understand how consulting income, expenses, and contracts work, and apply MTD rules in a practical way that suits your business.
HMRC-Aligned Digital Compliance
Our team ensures your digital records and submissions meet HMRC’s MTD requirements, helping you avoid errors and penalties.
End-to-End MTD Support
From setting up digital records to submitting quarterly updates and completing your year-end declaration, we manage the full MTD process.
Support That Grows With You
Whether your consultancy is expanding or your income fluctuates, we adapt your MTD setup to match your current position.
Clear, Transparent Pricing
Our fees are explained upfront, with no hidden charges or unexpected add-ons.
Making Tax Digital For Income Tax Self-Assessment
Tax returns are evolving into a digital-first system. Making Tax Digital (MTD) introduces quarterly digital reporting for consultants through approved software, replacing the traditional annual Self Assessment process for eligible taxpayers.
What is Qualifying Income and What Are the Thresholds?
Qualifying Income Determines When Making Tax Digital for Consultants Apply
Qualifying income is your total gross income from all consultant businesses (both UK and overseas) and/or self-employment before deducting expenses. It excludes employment income (PAYE), dividends, savings interest, pensions, and capital gains.
April 2026
- MTD for IT applies to individuals with annual self-employment or property income of more than £50,000.
April 2027
- MTD for IT applies to individuals with annual self-employment or property income of more than £30,000.
April 2028
- MTD for IT applies to individuals with annual self-employment or property income of more than £20,000.
Stop Worrying about MTD.
Focus on your Clients.
MTD doesn’t need to add pressure to your consulting work. With Sterling & Wells handling your compliance, you can stay organised, compliant, and confident throughout the year.
Fully HMRC-Compliant Reporting
MTD Handled End-to-End
Making Tax Digital Deadline Checker
MTD Deadlines Made Easy – Check Yours in Seconds!
Enter your income to see your deadline
How Sterling & Wells Supports Your MTD Compliance
As a consultant, you are required to keep digital records and submit tax information to HMRC on a quarterly basis using MTD-compatible processes. Sterling & Wells manages this for you.
We help you set up and maintain digital records for consultancy income and expenses in an HMRC-compliant format.
Your quarterly MTD updates are prepared and submitted accurately and on time, without disrupting your work schedule.
At the end of the tax year, we complete your final declaration, review your overall tax position, and apply available reliefs where appropriate.
Ready to Stay MTD-Compliant as a Consultant?
Let Sterling & Wells take care of your Making Tax Digital requirements, so you can concentrate on growing your consultancy.
- Confidential – Complete privacy guaranteed
- Chartered – Fully qualified professionals
- Results-Driven – Proven compliance expertise
Frequently Asked Questions
Below, we’ve answered some common questions about Making Tax Digital for Consultants to help you understand the process and your responsibilities.
Do consultants need to follow Making Tax Digital rules?
Yes. Consultants who are within the scope of Making Tax Digital must keep digital records and submit tax updates to HMRC quarterly using MTD-compliant processes. Sterling & Wells helps you understand when MTD applies to you and manages the requirements on your behalf.
What records do consultants need to keep under MTD?
How often do consultants need to submit updates to HMRC?
Can Sterling & Wells manage MTD if my income varies throughout the year?
Do I still need an accountant if everything is digital?
Introducing RentalBux: MTD Software Built for Consultants
Most software options in the market don’t understand the specific needs UK consultants have, forcing you to wrestle with spreadsheets and manual workarounds. That’s why we created RentalBux.
- Pre-Mapped Chart of Accounts for Consultants
- HMRC-Recognised for Consultancy Income
- Complete MTD Compliance Solution
- Free Until March 2026
