Can you use Hnry for MTD? [QUIZ]

Is Hnry the right solution for you for MTD? Try our quiz!

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Can you use Hnry for MTD? [QUIZ]

Making Tax Digital (MTD) is a new way for self-employed individuals to report their income and expenses to HMRC. It involves:

  • keeping digital records for income and expenses,
  • sending quarterly updates to HMRC, and
  • submitting your tax return via MTD-compatible software (rather than through the HMRC online services portal).

Hnry is an all-in-one tax automation and accounting service, just for sole traders, that’s fully MTD-compatible. But we actually go one step further and do it all for you – from storing your records, to completing and filing your quarterly updates and final tax return, whenever they’re due. It’s all part of the service!

Who needs to use Making Tax Digital, and who is exempt?

Making Tax Digital for income tax will be phased in over the next three years:

  • If you earn £50,000 or more in annual qualifying income, you need to already be using MTD-compatible software.
  • If you earn £30,000 or more in annual qualifying income will need to start using MTD-compatible software from 6 April 2027.
  • If you earn £20,000 or more in annual qualifying income will need to start using MTD-compatible software from 6 April 2028.

💡Your qualifying income is the total income you get in a tax year from self-employment and property.

If you’re over the threshold, using Hnry means you’re MTD-ready from day one. See what’s included.

Using Hnry for Making Tax Digital

Still not sure about us? That’s ok! Try our quick quiz to see if Hnry is the right MTD-compatible solution for you.

Hnry is for sole traders

Hnry is an award-winning app and tax service designed to help sole traders with their financial admin. For just 1% +VAT of your self-employed income, capped at £600 +VAT a year, Hnry will calculate and pay all your taxes and whatnot for you, including:

We also complete and file your Self Assessment for you, including managing your allowable expenses and passing on any tax relief you might be entitled to. It’s all part of the service!

More importantly, we free up thousands of hours for sole traders to focus more on what they do best – their jobs. Hnry is on a mission to make self-employment simple, affordable, and accessible for anyone.

DISCLAIMER: The information on our website is for general educational purposes only. It doesn't cover all situations and circumstances, and shouldn't be taken as direct tax advice. If you're looking for specific help with your taxes, join Hnry and our team of experts can provide you with assistance tailored to your business needs.