Digital records
Keep digital records of all your income and expenses throughout the year.
What is Making Tax Digital?
KEY DATES
April 2026
MTD is live for income over £50,000
Then £30k (2027) · £20k (2028)
What's actually changing?
Under Making Tax Digital, you'll need to:
Approved software
Use HMRC-approved software to manage your accounts — no more bags of receipts.
Quarterly updates
Send updates to HMRC every quarter.
Self Assessment
Submit a final Self Assessment declaration at the end of the year.
When does it start?
Making Tax Digital for Income Tax is being introduced in stages. If you're a sole trader and/or landlord, there's a strong chance this will apply to you.
April 2026
Income over £50,000
First wave — high earners affected firstApril 2027
Income over £30,000
Second wave extends to more earnersApril 2028
Income over £20,000
Final wave — most sole traders & landlords affected
Not sure if affects you?
Find out in 60 secondsOur free quiz tells you exactly when MTD will apply to you — and what to do next.
Why is it happening?
HMRC is introducing Making Tax Digital to modernise the UK tax system and reduce the tax gap — the difference between what’s owed and what’s actually paid.
In simple terms, it’s about replacing paperwork and guesswork with digital records and clearer visibility.
Reduce errors in tax reporting
Make it easier to keep track of what you owe
Move towards a more real-time tax system
What does this mean for you?
If you currently keep spreadsheets (or worse, receipts in a shoebox), only think about tax once a year, or rely on your accountant to sort everything at the last minute — things will need to change.
You’ll need a system that works all year round — not just in January.
Keeping spreadsheets — or receipts in a shoebox
Only thinking about tax once a year, in January
Relying on your accountant to sort everything at the last minute
The good news
Done properly, Making Tax Digital can actually make life easier. The key is having the right setup from the start. That's where we come in!
Always know where you stand
Digital records give you a real-time view of your finances — no more guessing.
No year end stress
Spread the workload across the year so January is just another month.
Fewer mistakes
Accurate, up-to-date records mean fewer errors in your tax returns.
Better control of your finances
See your income and expenses clearly — and make smarter business decisions.
How Solely Digital helps
We help sole traders and landlords get MTD-ready — without the jargon, without the overwhelm. Just a clear, practical way to manage your tax.
Simple. Affordable.
And a service rather than just software.
Here’s how we help:
Set up your digital records
We help you get everything set up correctly from day one.Show you how to keep them up-to-date
We’ll show you how to record your income and expenses simply.We handle your quarterly submissions
We submit your quarterly updates to HMRC directly. Your accountant can still complete your final year-end return if needed.
Making Tax Digital
Ready to get started?
Not sure if Making Tax Digital affects you? Find out in less than a minute — or get in touch and we'll talk you through it.
