Programme packages paid upfront, online delivery, supplement affiliate income and a mix of employed and private work. Here's how Making Tax Digital for Income Tax affects nutritionists and dietitians, and when it starts.
MTD for Income Tax phases in by gross income before expenses. Programme packages and affiliate income all count towards your gross total.
Upfront programmes, one-off consultations and affiliate commission are all part of your self-employed income. Recording each stream keeps your gross total accurate and your quarterly updates complete.
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.
Record each income stream so your gross total is accurate and each quarter is consistent.
Programmes paid in advance need recording consistently so quarterly updates stay accurate. Clear Books keeps them organised.
Commission from supplement or product links is taxable income. Record it so your figures are complete.
Video-platform and software costs are deductible. Keep them recorded so your margin is clear.
Only your self-employed income is reported here. PAYE work is handled by your employer.
Packages, consultations and affiliate income can be hard to keep straight. Clear Books pulls them together and gives HMRC exactly what MTD needs.
Record packages, consultations and affiliate income as you go, watch your gross against the thresholds, and be ready to submit when your wave lands.