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What Digital Records Must Sole Traders Keep Under MTD?
Making Tax Digital (MTD) for Income Tax changes how eligible sole traders record, organise and report their business finances. Instead of keeping records primarily for an annual
MTD for Multiple Businesses: Do You Need Separate MTD Records for More Than One Business?
MTD for multiple businesses can create confusion for sole traders who operate more than one income source. If you run multiple businesses, HMRC generally expects you to
MTD Quarterly Updates Explained: What Records Do You Need to Submit?
MTD quarterly updates require affected sole traders and landlords to maintain digital records of their income and expenses and send summary totals to HMRC through compatible software
Making Tax Digital for Sole Traders: What You Need to Do in 2026
Making Tax Digital for sole traders became mandatory for the first group of eligible taxpayers on 6 April 2026. If your qualifying income from self-employment and property
What Counts as Qualifying Income for Making Tax Digital?
MTD qualifying income determines when a sole trader or landlord must start using Making Tax Digital for Income Tax. It is generally the combined gross income from