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MTD Income Tax Readiness Checker

Making Tax Digital for sole traders and landlords – are you in, when do you start and are you ready?

£20
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MTD Income Tax Readiness Checker

Overview

Making Tax Digital (MTD) for Income Tax changes how sole traders and landlords deal with HMRC. Instead of one tax return a year, you keep digital records in compatible software, send a short summary every quarter and then file your tax return through the same software. It started on 6 April 2026 for people with qualifying income over £50,000 and is widening to £30,000 from April 2027 and £20,000 from April 2028. This workbook tells you whether and when you're in, lays out every deadline for your first two MTD years, checks how ready you are, estimates what it will cost and lets you practise keeping digital records before you start.

Price
£20
Who it’s for
Tax & Company
Works with
Microsoft Excel for Windows and Mac
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See how it works

A walk through the main sheets

The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.

Step 1

Am I In

Qualifying income test, income that doesn't count, exemptions and your answer. What you do: enter income and answer the exemption questions.

Am I In
Deadlines

Step 2

Deadlines

Quarterly updates, tax returns and payments for your first two MTD years, penalty points and a month-by-month calendar. What you do: enter the date each item is sent or paid.

Step 3

Readiness Checklist

Tasks in seven areas with priority, status, owner, target date, score and RAG rating. What you do: update the status, owner, date and notes.

Readiness Checklist
Compliance Costs

Step 4

Compliance Costs

Money and time MTD will cost, against what you spend now, with tax relief. What you do: enter your own costs and hours.

Who it is for

Made for people like you

  • Example – text
  • Question – Where the workbook answers it
  • Do I have to join, and from when? – Am I In – the qualifying income test for 2024/25, 2025/26 and 2026/27, plus the exemptions.
  • What are my deadlines? – Deadlines – every quarterly update, tax return and payment for your first two MTD years, with a month-by-month calendar.
  • Am I ready? – Readiness Checklist – tasks scored by priority with a Red, Amber or Green rating for each area.
  • What will it cost me? – Compliance Costs – software, accountant and your own time, against what you spend now.
  • How do I keep the records? – Record Categories and Practice Records – categories mapped to the tax return boxes and a practice year showing what each update would send.

Quick start

Up and running in minutes

  1. Example – text
  1. Your Details – Enter your name, the names of your businesses (each sole trade and your property business) and how you'll work – update periods, accounting basis and what your time is worth.
  2. Am I In – Enter your gross income – turnover and rents before expenses – for 2024/25, 2025/26 and 2026/27, and answer the exemption questions. The sheet tells you the first tax year you must use MTD.
  3. Deadlines – Check your calendar, then type the date in 'Date sent / paid' as you send or pay each item.
  4. Readiness Checklist – Work down the list, setting each task to Done, In progress, Not started or Not applicable, with an owner and target date.
  5. Compliance Costs – Replace the sample costs with your software price and your accountant's quote.
  6. Practice Records – Enter a few months of real transactions to see how quarterly updates work before you have to send them.
  7. Dashboard – See your start date, readiness score, next deadline and extra cost at a glance.

Key features

  • The qualifying income test for 2024/25, 2025/26 and 2026/27 – self-employment turnover plus property income (your share of joint lets) – with the exemptions, giving your MTD start date.
  • Your quarterly calendar for the first two MTD years: standard or calendar periods, the 7 August, 7 November, 7 February and 7 May deadlines, the 31 January tax return and payments.
  • A 41-point readiness checklist with RAG scoring by area, plus an estimate of the cost of compliance in money and time.
  • A digital records starter mapped to the Self Assessment boxes, a practice-year record with cumulative quarterly figures, and a penalty points and late payment calculator.

What’s included

  • Dashboard – Start date, readiness, deadlines and costs
  • Your Details – About you and your income sources
  • Am I In – Qualifying income test and exemptions
  • Deadlines – Quarterly calendar for your first two MTD years
  • Readiness Checklist – 41 tasks with RAG scoring
  • Compliance Costs – Money and time MTD will cost
  • Record Categories – Categories mapped to Self Assessment boxes
  • Practice Records – Try a practice year of digital records
  • Penalties – Penalty points and late payment penalties
  • MTD Rules – Thresholds, deadlines and penalty rules
  • Tax Rates – UK tax rates
  • Guide – How to use this workbook

How buying works

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