A strong summer peak, plant and machinery hire, green-waste disposal and a mix of maintenance retainers and one-off builds. Here's how Making Tax Digital for Income Tax applies to you, and when it starts.
MTD for Income Tax phases in by gross income before expenses. Materials, plants and plant hire pass through your accounts, so your gross turnover can be higher than the profit.
Landscaping income swings with the seasons. Quarterly updates report each quarter as it comes, and the final declaration reconciles the whole year, so a quiet winter never trips you up.
When you're in scope, your annual Self Assessment return is replaced by four short quarterly updates and a year-end final declaration, all through recognised software.
Log hire and tip receipts against the job so a busy build week shows the real margin, not just turnover.
Hire is a deductible cost; larger kit bought outright goes through capital allowances. Record both so nothing is missed.
A summer peak and a quiet winter are normal. Quarterly updates report it as it happens; the year reconciles at the final declaration.
Regular garden or grounds maintenance is steady, invoiced income sitting alongside one-off builds in the same update.
Green-waste disposal and tip fees add up. Snap the receipts so your expenses stay complete.
You're out on site, not sat at a desk. Clear Books lets you keep records from your phone and gives HMRC exactly what MTD needs, whenever you're in scope.
Record income and costs as you go, watch your gross against the thresholds, and be ready to submit when your wave lands.
