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Get ready for Making Tax Digital for Income Tax
You've heard some sole traders and landlords now have to keep digital records and send updates to HMRC every quarter. Find out from GOV.UK if and when it applies to you, and how to get set up calmly.
The problem
The rules are arriving in stages based on income, and it's easy to miss your start date. Choosing software from a list you don't understand is the bit that stalls most people.
The outcome
You've heard some sole traders and landlords now have to keep digital records and send updates to HMRC every quarter. Find out from GOV.UK if and when it applies to you, and how to get set up calmly.
The prompt · ChatGPT
Help me get ready for Making Tax Digital for Income Tax. My income: [self-employment, property or both] Rough qualifying income last tax year: [amount, or a range]
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A short example
You've heard some sole traders and landlords now have to keep digital records and send updates to HMRC every quarter. Find out from GOV.UK if and when it applies to you, and how to get set up calmly.
This does not give tax advice. The books stay in the accounting system.
You describe your self-employment or property income and how you keep records now.
The assistant asks your rough qualifying income and whether you have an accountant.
You get the GOV.UK check to run, your likely start date to confirm, a software shortlist plan and a set-up timeline.
What happens
Use ChatGPT to get ready for Making Tax Digital for Income Tax
You've heard some sole traders and landlords now have to keep digital records and send updates to HMRC every quarter. Find out from GOV.UK if and when it applies to you, and how to get set up calmly.
Tools
Paste the prompt, fill the blanks, copy the draft.
- ChatGPT — required. Drafts from the text you paste. Nothing is sent.