The van as your key asset, fuel, the odd helper, a mix of booking-platform and cash jobs and a summer moving peak. Here's how Making Tax Digital for Income Tax applies to man-with-a-van and removals operators, and when it starts.
MTD for Income Tax phases in by gross income before expenses. With a busy diary and the van to run, your gross income can build up across the year.
Booking-platform jobs and cash removals are all taxable income. Platform statements make handy records, and logging cash jobs as you're paid keeps your gross complete for the quarter.
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.
Bring in platform statements and log cash as you go so a busy summer is fully captured.
Bought, financed or leased, it's your key asset. Record it correctly for capital allowances or deduction.
Paying a hand for a job is a deductible cost. Record it, and check how you engage helpers for any employer duties.
Bring in platform statements and log cash jobs so your gross income is complete for the quarter.
Summer is busier. Quarterly updates report it as it happens, reconciled at your final declaration.
Between jobs is no time for paperwork. Clear Books works from your phone and gives HMRC exactly what MTD needs, whenever you're in scope.
Log jobs, deposits and the van as you go, watch your gross against the thresholds, and be ready to submit when your wave lands.