Multiple Sole Trader Businesses and MTD for ITSA

I am a bookkeeper, and about to recommend Quickfile to a client, who will come under the MTD for ITSA rules next year. However, I’d like to get my facts straight, and also ask a question about MTD final declarations.

My client has two sole trader income streams, different enough that I suspect he will require two Quickfile accounts, which I assume he can set up using two different email addresses.

Once set up, I also understand that I can access his two accounts through my Affinity account, and perform all the necessary day-to-day bookkeeping tasks that way.

When MTD for ITSA starts next April, I assume he/I will need to file quarterly returns with HMRC for each of the two businesses.

I hope this is all correct so far.

Now, at the end of the year, when the final declaration has to be submitted, how will Quickfile permit me (or my client) to include both of these separate Quickfile files in my client’s one Final Declaration/Tax Return?

I know it seems a way off, but if I’m to recommend Quickfile as a solution for him, I’d need to know that it will cater for his particular needs at the year end, as far as MTD for ITSA is concerned.

Thanks in advance for any advice/information.

Peter

Hello Peter

We’re aiming to support as much of the MTD functionality as possible, as and when the details are released by HMRC.

Unfortunately MTD has been quite fluid over the last few years so we can’t guarantee anything at this stage, but as and when things are finalised, we’ll update everyone on our forum

https://community.quickfile.co.uk