Tel: 020 7836 9090
As of April 6th 2026, sole traders - including CIS subcontractors - turning over £50,000 PA or more & qualifying landlords - are obliged to maintain digital records of income & expenditure & submit an electronic update to HMRC every three months using HMRC compatible software.
This is in addition to the annual self-assessment & such sole traders can face penalties of up to £3,000 per quarter for non-compliance. This is HMRC now making income tax digital – AKA Making Tax Digital - MTD.
CTC’s Effectively Free Monthly MTD Subscription Service.
Crystal Tax Consultancy can not only can help you with this but we can also do so effectively free of charge.
As you will be obliged to keep & digitally store all of your expenses, you may as well register for VAT & reclaim the VAT on them – which will generate a VAT rebate of on average £2,500+ per year.
This can pay for all of the MTD services you require & even generate for you an additional VAT rebate of around £1,500 PA.
& of course, Crystal Tax Consultancy will manage everything for you & deliver everything to you.
Crystal Tax Consultancy fees are calculated from the savings we generate – often on a no win, no fee basis.
Call us on 020 7836 9090 or email us at tax@ctconsultancy.uk and we will quickly establish if you qualify, and start tax planning - for your future.
