What do sole traders earning over £30,000 need to do for Making Tax Digital?

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What do sole traders earning over £30,000 need to do for Making Tax Digital? If your 2025-26 self-employment and property turnover, before expenses, was over £30,000, Making Tax Digital starts for you on 6 April 2027 unless exempt. Sign up, get software, keep digital records and send your first update by 7 August 2027. Your takings. Qualifying income is your self-employment and property income before expenses, which HMRC also calls turnover. A sole trader with £34,000 of sales and £11,000 of costs has £34,000 of qualifying income, not £23,000. The 2025-26 tax year. GOV.UK says qualifying income over £30,000 for 2025-26 means you use MTD from 6 April 2027. That return is due online by 31 January 2027. HMRC says it will write to you if your income is over the threshold. If no letter arrives, it is still your job to check your own qualifying income. Read the full answer, with every source, at rightotax.co.uk.

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Read the full answer, with every source

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What do sole traders earning over £30,000 need to do for Making Tax Digital? If your 2025-26 self-employment and property turnover, before expenses, was over £30,000, Making Tax Digital starts for you on 6 April 2027 unless exempt. Sign up, get software, keep digital records and send your first update by 7 August 2027. Your takings. Qualifying income is your self-employment and property income before expenses, which HMRC also calls turnover. A sole trader with £34,000 of sales and £11,000 of costs has £34,000 of qualifying income, not £23,000. Read the full answer, with every source, at rightotax.co.uk.

Voice and visuals made with automated software, including AI.

This is general information to help you understand the rules. It isn't tailored to your circumstances, so check your own position before acting on it.

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