From 6 April 2026
£50k Gross income threshold
Self-employed individuals and landlords with combined gross income above £50,000 must already comply.
From 6 April 2026, sole traders and landlords earning over £50,000 must keep digital records and submit quarterly updates to HMRC. We handle the software, the submissions and every deadline, so you can get back to running your business.
If your gross income from self-employment or property exceeds the threshold, you must keep digital records and file quarterly with HMRC.
Self-employed individuals and landlords with combined gross income above £50,000 must already comply.
Threshold drops to £30,000. Plan now to avoid a last-minute rush onto compatible software.
Threshold drops again to £20,000, capturing the majority of UK sole traders and landlords.
Annual Self-Assessment is being replaced. Here's what's coming through your letterbox.
Every transaction recorded in HMRC-recognised software, kept up to date and ready to file.
Four submissions a year of your income and expenses - we file every one direct to HMRC for you.
One annual declaration replacing your old Self-Assessment return, due 31 January.
You must use HMRC-approved software with digital links: Xero, QuickBooks, FreeAgent, Sage and more.
Every Phinch client gets reminders, prepared submissions and a same-team contact.
From software setup to your annual declaration, plus every quarterly update in between, we run it all.
You choose the software you're happiest with (Xero, QuickBooks, FreeAgent or Sage) and we work to it - set up, configured and your existing records migrated.
We prepare and file every one of your four quarterly updates, properly categorised, properly reconciled, properly on time.
We keep your digital records reconciled, categorised and properly linked, so you stay compliant without lifting a finger.
Your full final declaration prepared, reviewed and submitted, replacing the old Self-Assessment return entirely.
We don't just file. We advise. Year-round guidance on salary/dividends, allowable expenses and reliefs to keep your tax bill efficient.
No clock-watching, no call centres. The same Phinch team takes your call from set-up through every quarterly submission.
Founded in 2016 in Weston-super-Mare. Today we look after individuals and businesses across Bristol, Bath, Cheltenham, Gloucester and beyond.
Trusted with personal & business tax
No hourly clock, no surprise bills
Here all year - we only close Christmas Day
From clients across the South West
Phinch is a fantastic company. Especially David Parmenter and Sebastian Hassan-Ally who are responsive, proactive and very good at what they do. I am very pleased I engaged this team.
Just incredible. So responsive, detailed but without losing you with technical jargon and really answered my questions. Will recommend time and time again! Simply the best!
Highly professional and approachable, always at the end of the phone if we've had any questions. Wouldn't hesitate to recommend.
Pop your details in the form and a member of our team will be in touch within one working day. No obligation, no jargon. Just a clear plan to get you MTD ready.
It takes less than 60 seconds.
One free 30-minute call. We'll review your situation, recommend the right software and quote you a fixed monthly fee. No pressure, no jargon.