Sage teams with SumUp on free UK tax tool ahead of Making Tax Digital deadline
Sage Group plc said Monday it’s teaming up with fintech firm SumUp to offer a free accounting and tax-filing tool aimed at UK sole traders, just weeks before new HMRC digital filing requirements take effect. “Merchants do not start a business for the administrative side of things,” said Felix Lamouroux, who heads global banking at SumUp. Sage’s Gordon Stuart added that many sole traders are still “unprepared for the change ahead.” Timing is crucial here. Starting April 6, sole traders and landlords earning over 50,000 pounds from self-employment and property will need to keep digital records, submit quarterly updates to HMRC, and eventually file annual tax returns through compatible software. All of it falls under Making Tax Digital for Income Tax, or MTD.