MTD-Native Bookkeeping For UK Sole Traders
HMRC is completely changing the UK tax landscape with Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). Starting April 2026, sole traders and landlords must log transactions digitally and file quarterly updates.
**SoloLedger** is a hyper-focused, AI-first cash-basis bookkeeping platform built specifically to make compliance effortless. We don't complicate things with double-entry ledgers or complex charts of accounts. SoloLedger handles invoicing, receipt scanning, bank feeds, and real-time tax forecasting in a beautiful, mobile-friendly interface.
FCA Compliant Structure
All card and bank payments are processed securely by Stripe, an FCA-authorised Electronic Money Institution. SoloLedger never holds, processes, or controls customer funds directly.
£1,845.20
Updated 2 mins ago via Monzo bank feedThe "Holy Trinity" of SoloLedger
We do three things, and we execute them with uncompromising depth and simplicity.
30-Second Invoices
Create and send professional invoices directly from your phone. Embedded Stripe payment links accept Visa, Mastercard, Apple Pay, and Google Pay.
Processing is charged at a simple 1.9% + 20p (includes a low 0.4% platform markup over Stripe base rate). Free users pay £0 upfront.
One-Tap Receipt Scan
Snap a photo of any receipt. Our advanced OCR parses merchant details, date, and VAT totals, automatically mapping the transaction into HMRC SA103 expense categories.
Backed by Google Cloud Vision API and structured LLM prompts. Securely stores images in private encrypted buckets for audit logs.
Live HMRC Tax Clock
A permanently visible widget that updates your tax liability in real-time. Know exactly how much to set aside after every transaction.
Computes Class 2 NI, Class 4 NI, and marginal Income Tax. No AI calculations — calculations are governed by a robust, deterministic math engine.
Making Tax Digital Rollout Timeline
MTD ITSA will affect millions of self-employed individuals in the UK over the coming years. Check when your business will be legally required to report digitally:
Failing to comply?
HMRC will enforce points-based penalty systems for late quarterly filings, resulting in potential fines up to £200 per late submission.
Phase 1 — April 2026
Mandatory for all UK sole traders and landlords with gross income exceeding **£50,000** (~850,000 users affected).
Phase 2 — April 2027
Mandatory for all sole traders and landlords with gross income exceeding **£30,000** (adding 1.4 million individuals).
Phase 3 — April 2028
Mandatory for all sole traders and landlords with gross income exceeding **£20,000** (final phase adding 2.3 million side-hustlers).
Transparent Pricing Plans
Choose the tier that matches your business size. Toggle below to save ~17% on annual plans.
Free top-of-funnel bookkeeping and billing
- Unlimited professional invoices
- Integrated Stripe payments
- Up to 5 active clients
- Manual CSV ledger uploads
- TrueLayer Open Banking feeds
- AI receipt OCR scan
- Live HMRC Tax Clock
Full automation for active freelancers
- Everything in Free plan
- Unlimited TrueLayer bank feeds
- Unlimited AI receipt OCR scanning
- Live HMRC Tax Clock
- Offline PWA mobile app support
- Unlimited clients
- One-click HMRC MTD filings
Complete MTD ITSA compliance tool
- Everything in Solo-Sync
- One-click HMRC MTD API filings
- HMRC Obligations & due dates
- VAT return preparation & filings
- AI CFO monthly briefs
- ACCA/FCCA data export pack
- Priority chat & phone support
Join the SoloLedger Waitlist
Register today to lock in early adopter pricing discounts and receive updates as we test our HMRC MTD developer sandbox integration.
SoloLedger Product Queries
Quick answers regarding compliance, security, and banking feeds.
Is SoloLedger an FCA-authorised payment institution?
No. Under Stripe's Connect Terms, Stripe acts as the regulated FCA-authorised Electronic Money Institution (EMI) that directly manages, handles, and screens user balances and payouts. SoloLedger is a technology platform integrated with Stripe. Funds flow directly through Stripe's regulated pipeline without ever sitting in an Airstars Consulting Ltd bank account, meaning no FCA payment authorisation is required.
How does the live HMRC Tax Clock calculate estimates?
Our Tax Clock uses a deterministic accounting engine based on current UK HMRC tax thresholds for marginal Income Tax, Class 2 NI, and Class 4 NI. It computes calculations based on your cash profit (income minus allowable expenses) immediately. There is no AI involved in tax mathematics, ensuring 100% accuracy and zero hallucination risk.
Are my bank credentials secure?
Yes. Bank feeds are integrated using TrueLayer, a premier Open Banking provider regulated by the FCA. SoloLedger never sees or stores your online banking passwords. Access tokens are encrypted using application-level cryptographic keys stored securely in Supabase Vault and managed through strict Row-Level Security policies.