Practical support for sole traders and landlords to help you maintain accurate digital records and stay organised throughout the MTD Income Tax reporting cycle.
Support with getting ready for Making Tax Digital, including registration, software and workflow setup.
What's included
Maintaining accurate and organised digital financial records to support MTD requirements.
What's included
Preparing the financial information required for quarterly updates to HMRC, based on your bookkeeping records and where applicable. Quarterly reports reviewed and submitted to HMRC when agreed.
What's included
Not answered here? Ask Ana in writing: it's the quickest way to a clear reply.
It applies to sole traders and landlords who file Self Assessment, based on their qualifying income: the combined gross income from self-employment and property, before expenses.
HMRC has published the start dates: from 6 April 2026 for qualifying income over £50,000, from 6 April 2027 over £30,000, and from 6 April 2028 over £20,000. Always check the current rules on gov.uk, as HMRC can change them.
You keep digital records in MTD-compatible software, send a summary update to HMRC every quarter, and submit a final declaration after the tax year ends, instead of a single annual return.
Yes. Property income often has several income streams and many small transactions. We keep clear digital records per property where useful and prepare the quarterly figures from them.
You need software that is compatible with MTD for Income Tax. We help you choose and set it up, usually Xero, and organise the workflow so the quarterly updates come from records that are already up to date.
Accurate, up-to-date records, reconciled and ready, with VAT returns prepared and submitted on time.
View serviceClear reports you can act on through the year, and a tidy year-end pack for your accountant.
View serviceOutsourced bookkeeping and VAT support for CFOs, tax advisers, wealth managers and accountancy practices.
View serviceReporting, analysis and cash-flow support: the finance function, without the overhead.
View serviceEnquiry form
The enquiry form is the best way to reach us. It shows only the questions that apply to your business and the services you need, so we understand your situation and requirements from the first contact.
Prefer email? info@afsbooks.co.uk
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