Weather-driven seasons, scaffolding hire, insurance-work invoicing and plenty of cash jobs. Here's how Making Tax Digital for Income Tax applies to roofers, and when it starts for you.
MTD for Income Tax is measured on gross income before expenses. Materials and access hire pass through your takings, so roofers reach £50,000 sooner than the profit suggests.
Roofing income swings with the weather. Quarterly updates just report each quarter as it comes, and the final declaration reconciles the whole year, so a rained-off winter never trips you up.
Your annual Self Assessment return is replaced by four short quarterly updates and a year-end final declaration, all through recognised software.
Log access hire and materials against the job so a big summer week shows the real margin, not just the turnover.
Hire is a real cost of the job. Record the invoices so each roof shows what it actually took to reach it.
Storm and claim work is income like any other. Record the invoice and the costs against the same job.
Cash still counts. Log it on the app when you're paid and your records stay complete for the quarter.
Subcontracting on larger builds? CIS may come off your labour. It still counts towards your tax, reconciled through MTD.
You're up a ladder, not sat at a desk. Clear Books lets you keep records from your phone and gives HMRC exactly what MTD requires.
Log jobs, materials and access hire as you go, and send your first quarterly update in minutes.
