TaxSimba — Self-Employed and a Landlord: How Your MTD Updates Fit Together
Preparation worksheet

Optional offline planning aid, not a tax return or filing confirmation.
Keep completed notes securely; never include passwords or one-time codes.

WORK THROUGH THIS EXAMPLE
A customer pays the trade while a tenant pays rent into the same account. Identify both sources and any transfers before producing the required business summaries. Adding sources for eligibility does not mean combining unrelated totals into one quarterly update.

DECISION TO RESOLVE
Can each required business update be reconciled to its own records?

YOUR POSITION
Relevant year and source: ____________________
Evidence supporting your answer: ____________________
Missing item and who will obtain it: ____________________
Deadline or next review date: ____________________

1. List every trade and property source.
Notes: ______________________________

2. Identify UK and overseas property records.
Notes: ______________________________

3. Tag mixed-account transactions.
Notes: ______________________________

4. Track updates by business and period.
Notes: ______________________________

5. Confirm the annual-return scope and responsible person.
Notes: ______________________________

Actions agreed and responsible person:
____________________________________

Guide: https://taxsimba.co.uk/blogs/mtd-sole-trader-and-landlord-separate-updates
Check the current guide and official sources before relying on a deadline or process.