Making Tax Digital for Income Tax changes how many sole traders and landlords keep records and report income to HMRC. TDAS can help you understand when it applies, choose a practical digital record keeping approach, and stay on top of quarterly updates.
MTD for Income Tax applies to sole traders and landlords based on qualifying income from self-employment and property before expenses.
HMRC normally looks at the tax return already submitted for the previous tax year when deciding when you need to join.
We can review whether MTD applies to you, help you choose suitable software, set up a workable bookkeeping routine and manage submissions to HMRC.
If you are a landlord, sole trader, freelancer or have both property and self-employed income, we can help you prepare before the next filing point arrives.
HMRC guidance explains the detailed rules, sign-up process, exemptions and compatible software requirements.
Get ready for MTD with straightforward support from TDAS.