SelfSubmit is designed to help you stay compliant with HMRC Making Tax Digital requirements. You remain responsible for ensuring the information you submit is accurate.

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Income Sources

Most people have more than one type of income. MTD tracks qualifying business and property income digitally; everything else still goes on your final declaration.

  • Employment is usually taxed via PAYE but reported at year-end
  • Multiple trades may need separate records
  • Savings and dividends have their own allowances

What it is

Qualifying income can include self-employment, UK property, and other categories HMRC counts toward MTD thresholds. Your final declaration must report all taxable income, not only business profits.

Total qualifying income determines MTD scope. Child Benefit High Income Charge, student loan repayments, and pension contributions can all affect tax due — not only trading profit.

Who it applies to

Anyone with multiple trades, employments, pensions, or investments — MTD software may track multiple ‘businesses’ or property rentals.

What you need to do

  • List all income streams at the start of the tax year.
  • Keep separate records where HMRC or your software requires it.
  • Report non-MTD income on your final declaration.

Key points

  • Employment income is usually reported via PAYE but still included in final figures.
  • Dividends and savings have their own allowances and rates.

Common mistakes to avoid

  • Reporting only the main job and forgetting a small side business
  • Double-counting income already taxed at source
  • Not separating UK property from self-employment records

How SelfSubmit helps

Run separate businesses in SelfSubmit when you have distinct trades — each with the right profession template for its income and expenses.

Further reading