Be ready for HM Revenue & Customs’ Making Tax Digital roll out with 123 Sheets, the MTD spreadsheet specialist. Soon HM Revenue & Customs (HMRC) requires landlords and sole traders with annual rental or sales income of more than £20,000 to file quarterly summary income and expense data to HMRC, instead of filing an annual tax return. This will start firstly for those of income £50,000, then £30,000 from April 2027. Then £20,000 from April 2028. HMRC calls this Making Tax Digital (MTD). HMRC also requires affected taxpayers to keep their records in a digital format, for example on a spreadsheet. HMRC requires affected taxpayers to choose a software provider recognised by HMRC.
123 Sheets is an HMRC-recognised software provider for MTD, specialising in spreadsheet filing of data to HMRC. 123 Sheets extracts data from your spreadsheet and sends it to HMRC. The pricing is from £19.50+VAT for a year. Customers can opt to use their existing spreadsheets, or make use of our landlord or sole trader spreadsheets that work seamlessly with the software. 123 Sheets already files data to HMRC on behalf of 35,000 VAT businesses. The software is famously user-friendly, robust and efficient to use. The tiny minority of customers who require assistance with the software have quick access to a friendly customer service team who are waiting to assist. 123 Sheets has thousands of Trustpilot reviews, with an average rating of five stars out of five. It also has hundreds of Google reviews, with an average five-star rating. For regular updates on HMRC’s Making Tax Digital roll out and 123 Sheets software, please visit the web address 123sheets.com/updates.
Sign up for quarterly updates about HMRC’s Making Tax Digital roll out and 123 Sheets’ software at: 123sheets.com/updates (you can easily unsubscribe from any email you receive).
