SGL Accountancy Services | Doncaster Accountants

MTD Sole Trader Accountancy Package

What is MTD ITSA?

If you currently use an annual Self Assessment service you may need to make a change.

Making Tax Digital for Income Tax means you will need to switch to an ongoing accountancy service, rather than the current once-a-year one - in order to fulfil the requirements: use software, and submit quarterly returns.

To comply, you’ll be required to submit quarterly returns—that’s four updates every three months—to HMRC detailing your income and expenses.

When Does MTD ITSA Start

Making Tax Digital (MTD) for Income Tax is being introduced in a staggered manner:

From April 2026, income exceeding £50,000
From April 2027, income exceeding £30,000
From April 2028, income exceeding £20,000

What Does MTD ITSA Require

MTD for Income Tax requires that the tax payer:

- Keeps digital records
- Submits quarterly updates

This creates quite a different scenario to the traditional, annual Tax Return.
Our services include:

- Getting you set up with bookkeeping software to maintain digital records, including issuing invoices to customers
- Complete your monthly bookkeeping, each month
- Use the completed bookkeeping records to submit your quarterly updates
- Complete your end of year accounts as required under MTD

Our MTD Sole Trader Package

Our new MTD Sole Trader Package is ready to go.

It ensures that all MTD requirements are met, and also includes all accountancy needs throughout the year, and for the year end.

If you don't quite require one of our normal Accounts Packages, maybe you only have a few sales and expenses per month, then our MTD Sole Trader Package may be a better fit for you.

It's designed to replace the current Annual Self Assessment services with an MTD solution for such clients.

Get in Touch

A feature comparison chart for accounting services, divided into three sections: Ongoing Day-to-Day Features, MTD Compliance, and Year-End Features. Each section lists key services, such as bookkeeping, tax submissions, and digital record-keeping, with checkmarks indicating included features.

Why Choose Our MTD Sole Trader Package?

✅ Fully MTD-Compliant – Stay ahead of HMRC’s digital tax requirements.
✅ Quarterly Tax Submissions – No more last-minute tax stress.
✅ Expert Support – Guidance from experienced accountants.
✅ Cloud-Based Accounting – Access your financial data anytime, anywhere

What’s Included in Our Package?

✔ Quarterly Tax Filing – Submit accurate reports to HMRC.
✔ Bookkeeping Support – Keep your records organized.
✔ Tax Efficiency Advice – Maximise deductions & reduce liabilities.
✔ MTD Software Integration – Seamless digital tax reporting.
✔ Year-End Accounts – Ensure compliance with HMRC regulations.

Who Is This Package For?

🔹 Sole Traders – Transition smoothly to MTD compliance.
🔹 Freelancers & Contractors – Simplify tax filing & bookkeeping.
🔹 Self-Employed Professionals – Stay on top of financial obligations

FAQs – Everything You Need to Know

What is Making Tax Digital (MTD)?

MTD is a government initiative requiring businesses & sole traders to digitally record and submit tax returns using approved software.

Do sole traders need to comply with MTD?

Yes, if your taxable income exceeds £50,000 from April 2026 (and £30,000 from April 2027), you must submit quarterly tax updates.

What software do I need for MTD compliance?

We provide MTD-compatible accounting software to ensure seamless tax submissions.

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