Advise re MTD

I fall into the new MTD 2025-26 - Watched the HMRC Webinar and all good.  Im a small business proprietor so never used an accountant in 25yrs of being Self employed so please do reply with "speak to an accountant" I use a basic cash basis reporting

 

So Ive been using Pandle free version for a couple of years, prior to that used Excel.  I would summerise total Incomings Vs outgoings and declare profit - Simple.   Pandle arent sure if they are doing a free software for the MTD, but the pro version is only £5 and links to bank account transactions,  HMRC recommend several companies so Im just now info gathering. 

My Q is do I need a software that links to Ebay (and Amazon) to pull in all the buyer transactions? Do I need to even upload all the individual transactions or is the total from Ebay etc all they want under the new MTD?  therefore the Pandle Pro software is enough.  (I dont want to sign up for an account package then find this is quite an important feature of the quarterly reporting) Ive looked at Sage - they have a basic free but also the £7 per month version which again if that is adequate then great, any advice from anyone in the same position would be appreciated.

 

 

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Advise re MTD

You don't need software that links directly to Ebay, Amazon to pull in the transactions.

However, it makes your life a lot easier if you do.

I've been using MTD now for the last couple of years and have rarely had a problem with it.

But I have a completely automated system now, Xero/LMB's.  

From memory, there is some specific rules surrounding this, but it's not something I can remember offhand.

I'm pretty sure that it's covered on HMRC.

 

I know you have so don't say speak to an accountant, but though you may understand what your doing, they are the people that can guide you properly.  And though it may cost you a few pound initially to get yourself properly setup, it will mean that you should get everything right first time.  Something that I would prefer myself, rather than having to go back if a mistake is made.

 

https://www.gov.uk/guidance/use-making-tax-digital-for-income-tax/create-digital-records

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