Making Tax Digital for Sole Traders: What You Need to Know & PDF Download

Making Tax Digital for Sole Traders (MTD ITSA) - Download PDF at the bottom of the page. 

HMRC is rolling out Making Tax Digital for Income Tax — and if you’re a sole trader earning over £30,000, these changes are coming your way.

Starting from April 2026 for those over £50,000 turnover, and from April 2027 for those over £30,000 turnover, you'll need to start filing quarterly income and expense updates using HMRC-approved software.

✅ What this means for you:

• Quarterly income and expenses submissions

• A final year-end statement (replacing your self-assessment)

• Software required for record keeping and submissions

To help you fully understand what’s changing, I’ve prepared a simple, no-nonsense fact sheet which breaks it all down.

👉 Download your free Fact Sheet here