Making Tax Digital for Sole Traders: What You Need to Know & PDF Download
Jun 17, 2025
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:
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Quarterly income and expenses submissions
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A final year-end statement (replacing your self-assessment)
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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.
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