TaxSimba — Two Self-Employed Businesses: How Does MTD Reporting Work?
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
Two trades share a phone. Keep an explained allocation between them and any private use. Do not put the entire bill into both sets of records. Check first whether the activities are separate trades rather than inferring that from separate bank accounts.

DECISION TO RESOLVE
Can each trade’s figures reconcile without duplicating the shared expense?

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

1. Describe each activity and start date.
Notes: ______________________________

2. Identify sales and expense record sources.
Notes: ______________________________

3. Tag transactions by business.
Notes: ______________________________

4. Document shared and private-use allocations.
Notes: ______________________________

5. Confirm software support and service scope for every business.
Notes: ______________________________

Actions agreed and responsible person:
____________________________________

Guide: https://taxsimba.co.uk/blogs/mtd-two-self-employed-businesses
Check the current guide and official sources before relying on a deadline or process.