Under Making Tax Digital, your biggest priority is shifting your tax process from annual paperwork to ongoing, digital habits. Here’s a simple action plan for sole traders, especially those under CIS to get you MTD-ready with MTD 4 Subbies today.
Quick Tip: HMRC will look at your most recent tax return to see if you hit the threshold. If you think you're close, it’s best to get set up early.
Check your total combined income from self-employment and property. This confirms when you need to start MTD for Income Tax.
Pick your HMRC-recognised plan and start logging income and expenses now. Starting early will make the process smoother.
Once you’re set up on MTD 4 Subbies, sign up with HMRC for MTD for Income Tax - it’s not automatic, so you or your advisor must do it.
Read HMRC's guidance on signing up
We're building a simpler way for UK CIS subcontractors to track income, expenses and stay ready for Making Tax Digital.
Register your interest today and we'll let you know as soon as launch dates and early access become available.
