HACKER Q&A
📣 nikethputta

How are UK sole traders preparing for quarterly tax reporting (MTD)?


The UK is moving self-employed people from yearly tax reporting to quarterly updates under Making Tax Digital.

From April 2026, sole traders earning over £50k will need to: - keep digital records - submit updates every 3 months

From April 2027, the threshold drops to £30k.

I’ve been speaking to a few freelancers and tutors who didn’t even realise this change was coming. Many are still using spreadsheets or notes, and full accounting tools like Xero feel heavy if you only need quarterly tracking.

For those in the UK (or familiar with MTD):

- How are people actually preparing for this? - Are existing tools sufficient? - Is there a real gap here, or is this already solved?

For context, I’ve been experimenting with a simple focused approach here: https://quarterly-web.vercel.app

Genuinely open to feedback and criticism.


  👤 daiwik12 Accepted Answer ✓
Woah, i was worried about this rule and i wasn't sure what i was going to do. Love the idea and i would defo use it if it comes out in time! Until now, i was just stressing about what i could do, but this might help me out.

👤 jev1243
Icl, I hear you. This seems like something that addresses the gap. I run a football club and people like me just need something easy to use, and i do not have enough ball knowledge with laptops to use the complex ones like excel or Xero. I signed up alr!

👤 hi453
To be honest, i love the front page, and as a sole trader myself, who owns a tutor business, this is something i would like to try out. Most of the main ones are too hard to set up and take too much effort!!