Nex uk Mtd Pack

The problem

UK sole traders and landlords face a massive shift as Self Assessment is replaced by Making Tax Digital (MTD). Calculating qualifying income across multiple sources, managing quarterly deadlines, and navigating the new penalty points system is complex and high-stakes.

What it does

• Determines mandation status and start years (2026, 2027, or 2028) based on gross income thresholds.
• Generates personalized onboarding plans including software selection criteria and sign-up timelines.
• Produces income-specific digital record checklists for trades and property businesses.
• Builds quarterly update calendars with specific submission deadlines and cumulative reporting rules.
• Drafts plain-English briefings on the 4-point penalty system and the 2026/27 soft landing period.

Why this beats prompting it yourself

General LLMs often confuse MTD for VAT with MTD for Income Tax or miss the specific "qualifying income" definition (gross vs. profit). This skill uses a hardcoded applicability decision tree and the latest HMRC timetable to ensure accuracy on thresholds, joint property rules, and transition years.

Use cases

• Assess if a client with mixed rental and trade income must join MTD by April 2026.
• Create a digital record-keeping checklist for a landlord moving away from paper receipts.
• Generate a deadline schedule for a sole trader to avoid accruing penalty points.
• Explain the final declaration process to a taxpayer used to traditional Self Assessment.

Known limitations

Does not cover partnerships, limited companies, or trusts. Foreign property income involving non-domicile status requires separate professional advice.