What’s the difference between Making Tax Digital and Self-Assessment?
Making Tax Digital for Income Tax requires you to keep digital records and submit quarterly updates
using HMRC-approved compatible software while income tax Self-Assessment is a single tax return
submitted once a year.
Simple. Affordable. Fully Compliant. If you're a sole trader with more than £50k income (from April 2026), £30k (from April 2027), or £20k (potentially from April 2028) Making Tax Digital is changing how you report your income to HM Revenue and Customs (HMRC).
Sole traders in the UK can claim certain business expenses on your Making Tax Digital tax return to reduce your taxable profit. This means you only pay tax on the profit remaining after your allowable expenses have been deducted.
The key rule from HM Revenue & Customs is that expenses must be “wholly and exclusively for business purposes”.
Avoid Penalties. Get Set Up Early.
MTD is not optional once you fall within the rules. Late submissions can result in penalties
under HMRC’s points-based system.
Get MTD Sorted Today!
In your first year with us, less than half price offer at just £299 upfront or £25 per month,
you can be fully compliant and stress-free.
Send us your enquiry today and let’s get you ready for Making Tax Digital.
