Making Tax Digital 2026 for Sole Traders
What This Guide Covers to Help Sole Traders Stay Compliant and Confident with making tax digital.
This guide provides a complete, step-by-step overview of Making Tax Digital, equipping sole traders with the knowledge and processes needed to ensure tax compliance while meeting HMRC’s digital reporting rules. It covers:
How to Register for Making Tax Digital
A clear explanation of the registration process, the information required, and how to set up your account correctly to maintain tax compliance with making tax digital.
Choosing MTD-Compatible Software
Guidance on what features to look for, how different software options work, and how to select a system that suits your business to uphold tax compliance
Connecting Bank Feeds
Detailed steps on linking your business bank account to your software so transactions are captured accurately and automatically, aiding in your efforts towards tax compliance with making tax digital. Connecting bank feeds is optional but saves time.
Authorising Software with HMRC
Instructions on how to connect your software to HMRC, maintain authorisation, and ensure secure digital submissions that comply with tax regulations and support tax compliance with making tax digital.
Bookkeeping Theory
Straightforward explanations of key bookkeeping principles to support accurate digital record-keeping, which is essential for achieving tax compliance.
Digital Bookkeeping Examples
Practical examples demonstrating how to record income, expenses, and transactions correctly within a digital system, reinforcing your commitment to tax compliance.
Quarterly Updates
An outline of what quarterly updates are, when they must be submitted, what information they include, and how to file them through MTD-compatible software to ensure ongoing tax compliance.
Final Return (Final Declaration)
A clear overview of the end-of-year process under MTD, how to confirm annual figures, and what is required to complete the final declaration for full tax compliance.
Additional Guidance and Practical Tips
Further support on staying organised, avoiding common mistakes, and managing digital records effectively as MTD develops to uphold tax compliance.
By the end of the guide, sole traders will understand what to do, how to do it, and when, enabling full compliance and confident preparation for the digital tax system.
Making Tax Digital 2026 for Landlords
What This Guide Covers to Help Sole Traders Stay Compliant and Confident with making tax digital.
This guide provides a complete, step-by-step overview of Making Tax Digital, equipping sole traders with the knowledge and processes needed to ensure tax compliance while meeting HMRC’s digital reporting rules. It covers:
How to Register for Making Tax Digital
A clear explanation of the registration process, the information required, and how to set up your account correctly to maintain tax compliance.
Choosing MTD-Compatible Software
Guidance on what features to look for, how different software options work, and how to select a system that suits your business to uphold tax compliance.
Connecting Bank Feeds
Detailed steps on linking your business bank account to your software so transactions are captured accurately and automatically, aiding in your efforts towards tax compliance.
Authorising Software with HMRC
Instructions on how to connect your software to HMRC, maintain authorisation, and ensure secure digital submissions that comply with tax regulations and support tax compliance.
Bookkeeping Theory
Straightforward explanations of key bookkeeping principles to support accurate digital record-keeping, which is essential for achieving tax compliance.
Digital Bookkeeping Examples
Practical examples demonstrating how to record income, expenses, and transactions correctly within a digital system, reinforcing your commitment to tax compliance.
Quarterly Updates
An outline of what quarterly updates are, when they must be submitted, what information they include, and how to file them through MTD-compatible software to ensure ongoing tax compliance.
Final Return (Final Declaration)
A clear overview of the end-of-year process under MTD, how to confirm annual figures, and what is required to complete the final declaration for full tax compliance.
Additional Guidance and Practical Tips
Further support on staying organised, avoiding common mistakes, and managing digital records effectively as MTD develops to uphold tax compliance.
By the end of the guide, sole traders will understand what to do, how to do it, and when, enabling full compliance and confident preparation for the digital tax system.