Report: How are accountants responding to MTD for Income Tax?

While you’re likely busy planning and implementing a strategy for your practice, you might wonder what other accountants are doing, and how they’re approaching the change.

Our Future Ready Accountant Report revealed that 31% of firms wouldn’t begin MTD implementation until April 2026, but almost half (48%) predict a positive impact on the tax gap.

Opinions vary, but one thing is for sure: MTD for Income Tax is happening, and accountants and taxpayers must prepare.
That’s why we conducted a survey of 100 UK accountants, to find out how professionals across the UK are adapting to the upcoming change, and what their view on the mandatory scheme is.

As we analyse these results, the data tells a clear story, and answers key questions. For example, what do accountants really think of the scheme, and will it be beneficial? And how do they plan to approach implementation, or deal with non-digitalised clients? Discover what your peers are doing in their practice today, and plans for the future of the industry, in this exclusive report.

Key insights include:

• Accountants are feeling positive about MTD 
  Our results show that professionals are now feeling positive about the change, with the dates announced, and clear guidance in place. 68% of accountants say it’s a positive for their business, and 58% think it’s a positive for their clients.
• HMRC’s pilot is viewed as an opportunity  
  HMRC’s MTD for Income Tax pilot is an opportunity to test systems and processes, ahead of the change becoming mandatory. 78% of accountants plan to, or already have, joined the pilot.
• Non-digitalised clients are a concern
  A hurdle for accountants when onboarding their clients to MTD for Income Tax is those who are keeping non-digital records, such as paper receipts. 47% of accountants say that over half of their clients are currently non-digitalised.

Read the full report for many more insights. 

Complete the form to download our report.