Quarterly Reporting Under MTD VAT: Everything You Need to Know  

Quarterly Reporting Under MTD VAT: Everything You Need to Know Making Tax Digital (MTD) is one of the best steps towards digitising the tax system in the UK. Now, businesses no longer need to manually file their VAT return. Instead, they will report VAT using HMRC-recognised software. Moreover, under the MTD rules, businesses will have […]

Top MTD Software: Select the Best Fit for Your Business

Introduction UK’s Making Tax Digital (MTD) requires businesses to keep digital records, and to file their returns using software which is compatible. As of April 2022, all businesses registered are required to keep digital records and submit VAT returns through a HMRC approved software – whether you are a sole trader, a company, a landlord or […]

MTD Expenses for Sole Traders: Maximize Your Tax Deductions

What Expenses Can Sole Traders Claim Under Making Tax Digital (MTD)? Understanding Making Tax Digital (MTD)  Tax is a complex area for sole traders who find it difficult to get to grips and the government’s Making Tax Digital (MTD) policy has done nothing to change that. Knowing what you can claim as expenses is the […]

MTD Deadline Extended till 2028 for £20,000 Threshold Income

MTD Deadline will be extended till 2028 for £20,000 Threshold Incomes As announced in the spring statement, the HMRC MTD will apply to the self-employed and landlords by April 6, 2026, who are earning above £50,000. This threshold was extended for individuals with an income of £20,000, making it mandatory for them to comply with […]

Making Tax Digital (MTD) for Sole Traders: What You Need to Know in 2025

The UK government’s Making Tax Digital (MTD) initiative is changing the way sole traders manage and report their taxes. The first phase of the (MTD) Making Tax Digital for business VAT has already been implemented. HMRC is rolling out new requirements that will impact landlords and sole traders across the country to make digital record-keeping.   The UK […]