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 […]

Making Tax Digital for Income Tax: The UK’s Biggest Tax Shift Since Self-Assessment 

From April 2026, self-employed professionals and landlords will no longer file just one tax return a year. You’ll be reporting every quarter.  Sounds simple? It’s not.  Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is one of the most ambitious (and disruptive) changes HMRC has ever rolled out. And it’s arriving faster […]

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 […]