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MTD for Income Tax: a guide for sole traders
If your turnover from self-employment and property is over the threshold, you'll need to keep digital records and send HMRC an update every quarter.
Choosing software
Xero, QuickBooks and Sage are all recognised by HMRC. Bridging software works if you prefer spreadsheets.
Quarterly deadlines
- 7 August, 7 November, 7 February and 7 May.
- Final declaration by 31 January after the tax year.
Expand with penalties, exemptions and a checklist before publishing
MTD help for sole traders