Yes, if:

• You’re a UK resident

• You’ve filed a Self Assessment return

• You have an NI number

• You’re up to date on tax

Sign up for MTD Beta Testing

Some exclusions apply (e.g., MPs, bankrupts, ministers of religion, foster carers).

NOTE: Beta testers face no penalties for late quarterly submissions, but the Final Declaration must be on time.

You don’t need to scan/store invoices, but each individual transaction must be recorded digitally - no summaries.

HMRC Guidance on Digital Records

If under £90K turnover, you may submit three-line accounts (income, expenses, net profit).

Jointly-owned rental properties: report income quarterly; expenses at year-end.

WATCH OUT: You must submit separate updates for each business activity. So if you're a sole trader and a landlord, that’s 8 updates a year. Two trades? 12 updates!

Yes it is! We believe passionately that all musicians, irrespective of their financial means, need access to good quality business, finance and tax advice. For now, we're able to offer the current service for free. Eventually we may charge a nominal subscription amount to ensure we can continue to provide excellent resources to all musicians.

Orpheus Accounting Ltd is our full service accountancy and tax practice for engaged clients. We use Musicians' Tax Advisor as the education and community part of our business. We communicate with you from both domains but once you become a client of ours, you'll notice that our communications for all matters specific to your business, will come from Orpheus Accounting Ltd.

• 2026: >£50K gross income

• 2027: >£30K

• 2028: >£20K

You’ll be required to comply from the start of your third tax year after exceeding the threshold.

Replaced by the Final Declaration - a digital tax return pre-filled with data from quarterly updates.

You’ll still add info like:

• Bank interest

• PAYE income

• Pension contributions

• Claim reliefs

Final Declaration is due by 31 January, as with the current Self-Assessment system.

Yes, we are licenced and regulated tax advisors. We are answerable to our membership bodies for the quality of our service and hold indemnity insurance with reputable providers. If for any reason, we believe we not best placed to give you advice on your particular circumstance – we will say so and explain why.

You must use HMRC-recognised software or bridging tools.

Check out our blog on choosing the right software

HMRC List of Compatible Software

MTD-ITSA brings in HMRC’s points-based penalty system:

• £200 fixed penalty when threshold is met

• Additional £200 for every subsequent missed submission

• Points expire after 24 months if compliant

• You must stay compliant for 12 months to reset

Yes, as per Zoom’s functionality you’ll be able to hide your name on joining.

Yes, but only with bridging software and digital links in place. A standalone spreadsheet won’t meet the requirements.

Absolutely! We encourage you to use these webinars to ask questions and gain increased understanding of your tax situation. But do note, that we won’t be able to address specific issues unique to you as part of these sessions.

*****TBD****

Check your qualifying income

You may use either:

• Tax year quarters:

  • 6 Apr–5 Jul → Due 7 Aug

  • 6 Jul–5 Oct → Due 7 Nov

  • 6 Oct–5 Jan → Due 7 Feb

  • 6 Jan–5 Apr → Due 7 May

• Or calendar quarters if elected:

  • Apr–Jun, Jul–Sep, etc.

In the first instance we would always ask that you take up your complaint with us – we will do our best to resolve it quickly and satisfactorily. If you are still not satisfied, you are requested to contact our licencing bodies, per our terms and conditions

We don’t give you advice on tax credits, benefits or council tax. If you have a query about one of these taxes you may well find you can access support via the following links:

TaxAid - help with a tax problem if HMRC can't sort it out

Home Page - Tax Help for Older People (taxvol.org.uk)

Low Incomes Tax Reform Group | A voice for the unrepresented (litrg.org.uk)

Groups currently exempt from MTD-ITSA include:

• Partnerships

• Trusts and estates

• Non-UK residents

• Foreign entertainers with no UK qualifying income

• Those with qualifying care relief (e.g. foster carers)

• Taxpayers with no National Insurance number

• Others (see full HMRC list)

Apply for an exemption

In advance of the Expert Speaker sessions, you will be sent a link to join the session Live. If you cannot make the live attendance, where possible, we will share the recording via email after the session has taken place.

No. HMRC may work with third parties to ensure free basic options, but will not create its own.

WATCH OUT: Some software covers only quarterly updates or the Final Declaration - not both. Choose wisely.

Along with posting regular tips on our social pages on Instagram and LinkedIn, sharing advice and guidance in our Blog and hosting Expert Speaker sessions; we also provide a series of paid on-demand videos, if required.