ReceiptTrack
Making Tax Digital for sole traders: what you need to do now
If you are a sole trader, start by checking your qualifying income, keeping receipts digitally, reviewing expenses monthly, and choosing software that fits your record-keeping and MTD filing needs. A sole trader preparing for MTD should focus on repeatable monthly records: sales, expenses, receipts, mileage, bank matching, mixed-use notes and software handoff. The aim is to make every quarter reviewable before the submission window arrives. A practical checklist for sole traders who want to prepare for MTD without turning admin into a second job.
Key takeaways
- MTD preparation is mostly about routine: capture, review, categorise, repeat.
- You need clear income and expense records before quarterly updates are easy.
- ReceiptTrack can help keep receipt evidence organised for review and export.
- The quarterly rhythm is only manageable if the monthly habit is boring and reliable.
- Mileage, mixed-use costs and missing receipts cause more stress than obvious supplier invoices.
- If your accountant files for you, you still own the quality of the source records.