Get MTD ITSA Ready with Expert Accountants
Making Tax Digital for
Sole Traders
From April 2026, many sole traders must comply with Making Tax Digital for Income Tax Self Assessment (MTD ITSA). Our accountants help you set up HMRC-approved software, manage quarterly submissions, and handle your Self Assessment, so you stay compliant without the stress.
Understanding MTD
What is Making Tax Digital for Sole Traders?
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is a new HMRC system requiring many sole traders to keep digital tax records and submit updates throughout the year.
Instead of filing a single annual return, businesses must:
- Maintain digital accounting records
- Use Making Tax Digital software for sole traders
- Submit quarterly updates to HMRC
- File a final Self Assessment declaration
This change is part of HMRC's plan to move towards digital tax reporting for sole traders.
Who Needs to Follow MTD ITSA?
Sole Traders Earning Over £50,000
If your total income from self-employment exceeds £50,000, you must comply with MTD ITSA from April 2026. Now is the time to start preparing.
Sole Traders Earning Over £30,000
Sole traders with income above £30,000 will need to follow MTD rules from April 2027. Early preparation avoids last-minute pressure.
Tip: If you are a sole trader approaching these income levels, it's important to start preparing early to avoid penalties and ensure a smooth transition.
How Majestic Accountants Helps with MTD
MTD Software Setup
We help you implement HMRC-approved Making Tax Digital software tailored to your business needs.
Digital Bookkeeping
Your records are maintained digitally throughout the year to meet all MTD compliance requirements.
Quarterly MTD Submissions
Your accountant prepares and submits all quarterly updates to HMRC accurately and on time.
Self Assessment Filing
We complete and submit your final Self Assessment tax return, ensuring full HMRC compliance.
Why Work With an MTD Accountant?
- ✔Accurate digital bookkeeping — Clean, HMRC-ready records at all times
- ✔HMRC compliance — Never miss a deadline or submission
- ✔Reduced risk of penalties — Proactive management of all obligations
- ✔Clear financial records — Better visibility of your business finances
Majestic Accountants supports sole traders across the UK with MTD self assessment and digital tax reporting.
MTD Deadlines for Sole Traders
| Year | Requirement | Action Needed |
|---|---|---|
| April 2026 | Sole traders earning over £50,000 must follow MTD | Prepare Now |
| April 2027 | Sole traders earning over £30,000 must comply | Plan Ahead |
Preparing early helps avoid last-minute stress when Making Tax Digital rules take effect.
Get Help with Making Tax Digital Today
If you’re a sole trader preparing for Making Tax Digital for Income Tax Self Assessment, our accountants can help you transition smoothly and stay compliant with HMRC.
Book your free MTD consultation today.
Why Choose Majestic Accountants
Unmatched Accuracy & Compliance
Years of expertise in handling HMRC tax obligations and digital reporting.
Tailored Solutions
Customised MTD strategies designed for your specific business and income level.
Confidential & Professional
We handle your financial information with the utmost discretion and professionalism.
Ongoing Support
Beyond the initial setup, we provide ongoing compliance and quarterly submission support.