Intuit QuickBooks unveils MTD solution for multi-income tax payers
New platform launched at Accountex aims to reduce admin and simplify compliance for landlords and multi-source income taxpayers
Intuit QuickBooks has launched a new solution designed to support nearly 1.9 million self-assessment tax filers ahead of the upcoming Making Tax Digital (MTD) for Income Tax mandate, which comes into effect from April 2026.
Announced on the first day of Accountex London, the new functionality targets individuals with multiple income sources, including landlords with joint property ownership. The software offers a single platform for digital record-keeping and quarterly reporting to HMRC—segments that Intuit says have been “largely underserved” by traditional accounting solutions.
“Many individuals have side hustles, whether from investments, gig work, or property. This can make their tax affairs trickier,” said Nick Williams, International Product Director at Intuit.
“We’re simplifying this sort of everyday admin by creating done-for-you experiences on our platform. This means that requirements like Making Tax Digital can be achieved with ease by our customers.”
The new system incorporates automation tools, enterprise-grade AI capabilities, and bookkeeping support to reduce the complexity of MTD compliance. Among the core features are:
- A unified platform for filing complex tax returns
- AI-driven automation of bank reconciliations and transaction categorisation
- Assistive tools to help accountants digitise client records more efficiently
According to Intuit, around 2.8 million individuals currently submit a self-assessment tax return and will be required to comply with the MTD for Income Tax regime. Of these, 1.88 million fall into the multi-source filer category, often needing to use multiple software systems to fulfil reporting obligations.
The company also highlighted its collaboration with HMRC on MTD rollout, having been the first software provider to enter the testing phase, and to submit both quarterly and final filings under the new system.
“With a £3bn investment in R&D, this is something that other accountancy software providers simply can’t match,” Williams added.
QuickBooks’ expanded functionality is now live, with the company showcasing its features at Accountex, alongside demonstrations aimed at both accountants and small business owners.
