Making Tax Digital: What Dentists Need to Know

The Dental Business Guide

The tax landscape for dental professionals is undergoing a revolutionary transformation with Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) set to begin in April 2026. This comprehensive webinar unpacks what this means for dentists and how to prepare for this significant shift in financial reporting.
For self-employed dental associates and practice owners earning over £50,000 in gross fee income, quarterly digital tax reporting will soon replace the traditional annual self-assessment. Rather than the familiar January rush, you'll need to submit updates every three months plus an annual finalisation. While this represents an additional administrative requirement, it also creates opportunities for more responsive financial management and tax planning.
The heart of MTD compliance lies in digital record-keeping. Paper receipts and manual systems won't suffice – you'll need HMRC-approved software that can track all business transactions and submit information directly to the tax authority. Separating business finances becomes crucial; dedicated bank accounts and credit cards for your dental work will simplify compliance significantly. The phased implementation means those earning between £30,000-£50,000 will join in 2027, followed by those earning £20,000-£30,000 in 2028.
We explore practical considerations including software selection, registration through accountants, and how the pilot program offers a penalty-free opportunity to test the system before mandatory implementation. While MTD admittedly increases the administrative burden for dental professionals, it also provides greater visibility of your financial position throughout the year, allowing for more strategic tax planning and potentially improved business decisions.
Ready to prepare your dental practice for the digital tax era? Book a consultation with our specialist dental accountants to assess your MTD readiness, explore software options tailored to your practice, and develop a compliance strategy that minimizes disruption while maximizing potential benefits.

If you require any help, don't hesitate to reach out to the Samera team at www.samera.co.uk. We are all here to help you!

Thank you,

The Samera Team

챕터

1. Welcome and Introduction (00:00:00)

2. Understanding MTD Basics (00:05:12)

3. Important Dates and Thresholds (00:10:52)

4. Qualifying Income and Exemptions (00:16:32)

5. Registration Process and Pilot Testing (00:24:52)

6. Implementation and Software Requirements (00:32:19)

7. Impact on Dentists and Solutions (00:38:26)