
The Pet Industry Federation has published a new member-only video in partnership with Leo Bookkeeping, aimed at helping those self-employed in the pet industry understand and prepare for Making Tax Digital.
Making Tax Digital represents a significant change for sole traders, initially for those with income over £50,000, but dropping to £30,000 in 2027, which will require more frequent digital record-keeping and reporting to HMRC. While the rollout has been phased, many of these types of operators remain unclear about what is required, when the changes apply to them and how best to prepare.
The video, featuring Lucie Howard from Leo Bookkeeping, provides a clear and practical overview of Making Tax Digital, focusing on what sole traders need to do now to avoid problems later. It covers the key principles of MTD, common misconceptions, and practical tips to help businesses get ready, including record-keeping, software considerations and day-to-day implications.
Nigel Baker, PIF CEO, said: “Making Tax Digital is one of those changes that can easily feel overwhelming for sole traders. This video is about cutting through the noise and giving our members clear, practical guidance so they can prepare with confidence rather than react at the last minute.”
The video forms part of PIF’s wider programme of business support, helping members stay compliant, informed and confident in a changing regulatory and commercial environment. It is available now in the PIF members’ area.