News and insights from the Verallo team
Preparing for Making Tax Digital? Now is the time to consider software
From 6th April 2026, some sole traders and landlords will need to use HMRC-compatible software to report their self-employment and property income. Even if your tax return is currently on paper or spreadsheets, it’s worth preparing now.
Here’s what to consider:
- Digital record keeping: Your software must let you create, store, and correct records of your self-employment and property income and expenses.
- Quarterly updates: HMRC will require submissions throughout the year, not just at tax return time.
- Submitting your tax return: The software must be able to send your full return, including other income sources such as pensions, dividends, or partnership income.
You have options:
- All-in-one software: Create digital records, send updates, and submit your tax return in one place.
- Bridging software: Connect your existing spreadsheets or accounting tools to HMRC submissions.
Some businesses may use more than one product to meet their needs, especially if an agent is involved or you have multiple income sources.
Get in touch for support
Start exploring software now to ensure it meets your income types, reporting periods, and any future changes in your business.
At Verallo, we’re helping clients navigate Making Tax Digital. To speak to our experts, simply get in touch here.