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MAKING TAX DIGITAL

Transform tax compliance into a powerful engagement tool

Empower your self-employed, small business and landlord customers to meet MTD VAT & ITSA demands seamlessly, without ever leaving your digital banking experience 

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Income tax
780 k
small businesses will fall under MTD for ITSA from April 2026 (£50,000 annual threshold)
1.75 m
total businesses as of April 2027 will fall under MTD for ITSA (£30,000 annual threshold)

What do we do?

Use bank feeds and invoice data for accurate record keeping

Track tax obligations in real-time

Income and expense categorisation

Automate and simplify quarterly and annual tax reports

Submit directly with HMRC

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How it supports small businesses

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Real-time record-keeping
Income and expenses are captured and auto-categorised in real time, providing the small business visibility of their tax liability throughout the year, enabling them to better plan their tax payments
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Guided compliance
HMRC aligned workflows and alerts help the business to stay on top of their taxes and comply with HMRC rules at all time
 
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Submission simplified
Our platform helps automating the submission process and reduce the time spent on admin
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What does it mean for your bank?

Boost small business engagement

Reduce churn

Future-proof against Making Tax Digital deadlines

Increase relationship primacy

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Why partner with BankiFi for this?

Built for MTD VAT and ITSA

Fully HMRC-compliant and certified

Embedded in your banking experience

Scalable for all small business segments

Learn more
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Making tax digital

What's changing and why it matters

From April 2026, the next phase of HMRC’s Making Tax Digital (MTD) initiative comes into effect. This means that self-employed individuals and landlords earning over £50,000 will be required to maintain digital records and submit quarterly income tax updates using MTD-compliant software.

This shift presents both a compliance challenge and a strategic opportunity for banks.

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