Sole Trader Tax Guide
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⏰83 days until MTD becomes law. Welcome to the 90 DAY MTD Countdown If you receive a letter from HMRC stating that you need to begin reporting tax digitally, it’s not a generic message and it shouldn’t be ignored. HMRC uses historical tax return data — particularly declared turnover and income sources — to determine who falls into the first MTD group from April 2026. For sole traders and landlords, this letter is a clear signal that preparation should begin immediately. The goal isn’t to panic,
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⏰87 days until MTD becomes law. Welcome to the 90 DAY MTD Countdown. MTD replaces one annual tax return with: • Four quarterly updates • One final declaration This changes how information is managed throughout the year — not just when it’s submitted. We are Major's Accounts , an accounting team of experts in everything MTD for Income Tax. If you are a sole trader or landlord and are not sure how to prepare for MTD for Income tax, contact our MTD expert team : 📩E: info@majorsaccounts.com 📲Tel:
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