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MTD for Sole Traders
& Self-Employed

Self-employed? MTD for Income Tax will change how you report. This cluster covers your obligations, the crucial accounting basis decision, and what happens if you have more than one source of income.

What’s covered

1

Sole Trader's Complete Guide to MTD

Everything self-employed people need to know about MTD ITSA — thresholds, quarterly updates, digital record-keeping and how to get ready.

2

Cash Basis vs Accruals Under MTD

MTD may change which accounting method makes sense for you. Understand the trade-offs between cash basis and traditional accruals reporting.

3

Multiple Income Streams Explained

If any one income stream pushes you over the threshold, ALL your income comes into MTD. Learn how the 'if one's in, it's all in' rule works.

Articles in this cluster

3 guides for self-employed people

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Other MTD guides