Making Tax Digital for Income Tax — what sole traders need to know

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Making Tax Digital (MTD) for Income Tax is changing how many sole traders and landlords keep records and report to HMRC. Instead of a single annual Self Assessment return in isolation, digital records and quarterly updates become part of the compliance rhythm.

Who is affected

HMRC is phasing MTD based on income thresholds and timelines. If you are self-employed or a landlord, check whether — and when — you fall into scope. We can help you map your position.

What digital records means

You will need to keep business records digitally in software that can talk to HMRC. Spreadsheets alone may not be enough once MTD applies. Choosing software early makes the transition smoother.

How we help

• Confirm whether MTD applies to you and from when
• Recommend a practical software approach
• Set up processes for quarterly updates
• Handle submissions as part of your engagement

Explore our Making Tax Digital service or book a meeting.