[The Jester of Wibbly]

My digital system is now set up, no more paperwork, completely paperless now.

All receipts, invoices and Statements are now stored digital on my cloud.   

All I need to do now is decide on by Bridging Software to submit quarterly figures when the time comes.  I've already worked out which software to use, but I wouldn't be surprised if more options become available in 2026. 

I won't need the software until 2027, but I am now all set up ready to report, record, link and transfer those figures they want quartlity to the bridging software. .....Might as well get into the habit of going 100%  digital now rather than last minute panic.

[NBwcs]

I'm definitely waiting for a last minute panic, maybe a few more delays or even u turns yet. 

[dazmond]

My digital system is now set up, no more paperwork, completely paperless now.

All receipts, invoices and Statements are now stored digital on my cloud.   

All I need to do now is decide on by Bridging Software to submit quarterly figures when the time comes.  I've already worked out which software to use, but I wouldn't be surprised if more options become available in 2026. 

I won't need the software until 2027, but I am now all set up ready to report, record, link and transfer those figures they want quartlity to the bridging software. .....Might as well get into the habit of going 100%  digital now rather than last minute panic.

Cleaner planner already has all the data needed for quarterly reporting as I update my app/main site every single day. I also keep all paper receipts for my business expenses in a plastic folder for that tax year and have done for years now.

The only difference when MTD comes into force is that I need government approved software to input figures(turnover,expenses,profit for that quarter)which is easily available in cleaner planner.

You don't need to have digital records of every expense!As long as you have proof (whether its digital or paper) is all you need and that's only if you have a tax investigation!

[CleanClear]

You don't need to have digital records of every expense!As long as you have proof (whether its digital or paper) is all you need and that's only if you have a tax investigation!

? I'm confused with what you are saying.




The clue is MAKING TAX DIGITAL...........

It is very probably as simple as entering....... Insurance payment £60 on Monday 30th June, 2025 .
But thats what needs to be done as far as i can see.
  If you don't have a digital record of every expense, when and how are you going to submit them ? Just a lump sum quarterly ? I wouldn't think so.

[dazmond]

You don't input every single expense  into bridging software! All HMRC want is total expenses,turnover and profit FOR THAT QUARTER!

eg

April/May/June

Turnover(cash basis) £12,000
Expenses  £3000
Profit £9000

That's it!

Cleaner planner already stores all my data from every single expense/payment from that quarter (and I have all the paper and digital receipts to prove it if I was ever investigated!)

[The Jester of Wibbly]

You don't need to have digital records of every expense!As long as you have proof (whether its digital or paper) is all you need and that's only if you have a tax investigation!

? I'm confused with what you are saying.




The clue is MAKING TAX DIGITAL...........

It is very probably as simple as entering....... Insurance payment £60 on Monday 30th June, 2025 .
But thats what needs to be done as far as i can see.
  If you don't have a digital record of every expense, when and how are you going to submit them ? Just a lump sum quarterly ? I wouldn't think so.

I've covered this topic before.   As Daz said, you only need to submit Turnover, Expenses and Profit using your bridging software.   It's the full dedicated MTD software like QuickBooks that need everything recorded.  But they will also only send the basic requirements to HMRC. 

As most of us already have digital software for our business, even if it's just a spreadsheet, all you need is bridgeing software to send your quarterly figures.  It is your responsibility to recorded digitally all your expenses making them available should HMRC ever want to see them.

The other thing to think about with Bridging software is that the figures to send to it need to be digitally linked to  your own source.    Not sure how CP will handle that, but for most you will probably need a basic spreadsheet set up to show your quarterly results of turnover, expenses and profit.   Maybe monthly amounts totalled up for each quarter.   Those three total cells then need to be transposed to the bridging software.

In a nut shell, it means if you make a change to your spreadsheet, it will automatically amend the bridging software figures.  It's there to stop you messing around afterwards and prevent blame to the Bridging Company from tampering afterwards.

That's why for simplicity, a separate Spreadsheet for quality figures should be created ready for the Bridge.  But make sure you make any amendments before final submission are corrected on the Spreadsheet and your bridging software.

Take a look at this video....

https://youtu.be/LIMkqtTGbJ8?si=FOC57lbrUW87rLvI

[CleanClear]

You don't input every single expense  into bridging software! All HMRC want is total expenses,turnover and profit FOR THAT QUARTER!

eg

April/May/June

Turnover(cash basis) £12,000
Expenses  £3000
Profit £9000

That's it!

Cleaner planner already stores all my data from every single expense/payment from that quarter (and I have all the paper and digital receipts to prove it if I was ever investigated!)

I'm understanding what you are saying now. But you did say you don't need digital records of every expense. Now you have them. You're now saying you don't input every single expense.

 So digital records of expenses will be created and retained and just like now with the paper tax submission you can still give your expenses as a total figure.

[dazmond]

You don't input every single expense  into bridging software! All HMRC want is total expenses,turnover and profit FOR THAT QUARTER!

eg

April/May/June

Turnover(cash basis) £12,000
Expenses  £3000
Profit £9000

That's it!

Cleaner planner already stores all my data from every single expense/payment from that quarter (and I have all the paper and digital receipts to prove it if I was ever investigated!)

I'm understanding what you are saying now. But you did say you don't need digital records of every expense. Now you have them. You're now saying you don't input every single expense.

 So digital records of expenses will be created and retained and just like now with the paper tax submission you can still give your expenses as a total figure.

Yes