From 6 April 2026, sole traders with income over £50K must keep digital records and submit quarterly to HMRC. 41% aren't ready. Don't be one of them.
You must keep digital records of all income and expenses. Spreadsheets count — but only if you never re-key data. Manual notebooks don't.
Submit summary income/expense figures to HMRC every 3 months. First deadline: 7 August 2026.
End-of-year submission reconciling your quarterly figures with your full tax position.
Points-based penalty regime. Late submission = points. Enough points = £200+ fines.
Xero, QuickBooks, and FreeAgent are designed for businesses with employees, invoices, and bank reconciliation. If you just need MTD compliance — income in, expenses out, quarterly submit — they're overkill at £7-15/month.
We're building the simplest possible MTD ITSA tool: log income, log expenses, click submit. £3-5/month. No invoicing, no bank feeds, no project tracking. Just compliance.
The first quarterly deadline is 5 weeks away. 41% of sole traders aren't ready. Join the waitlist for early access to the simplest MTD ITSA compliance tool.