Making Tax Digital – Update for Sole Traders & Landlords

Introduction:

Big changes are on the way for sole traders and landlords! Starting April 2026, if you earn over £50,000, you’ll need to follow the new rules for Making Tax Digital (MTD) for Income Tax (https://www.gov.uk/guidance/check-if-youre-eligible-for-making-tax-digital-for-income-tax). By April 2027, this will apply to those earning over £30,000.

We know it sounds like a lot, but don’t worry—at Papertrail Bookkeeping Limited, we’re here to make the transition simple and stress-free for you!

What’s Changing?

  • Sole traders will need to keep their records using MTD-compatible software.

  • Instead of one tax return a year, you’ll send updates quarterly.

How We’re Here to Help:

  • Easy Accounts Software – Keep all your records in one place, effortlessly.

  • Smart Receipt Tools – Snap a picture of your receipt, and let the software do the rest!

  • Friendly Expert Support – Our team is here every step of the way to answer questions and keep you on track.

Conclusion:
MTD doesn’t have to be a headache. With our help, you’ll have everything you need to stay compliant and save time. Get in touch today and let’s get started—because tax shouldn’t be taxing!

Claire Adams