A lot of UK firms still aren't remotely ready for Making Tax Digital

• A quarter of UK sole traders still don't see any benefits to MTD at all
• Higher earners, digital workers and younger generations are more ready
• Business owners are "concerned about time, complexity and cost of becoming compliant"

New research has claimed Britain's landlords are actually more prepared for upcoming Making Tax Digital (MTD) requirements than sole traders, with as many as one in four (26%) sole traders surveyed by Wolters Kluwer seeing no benefit to MTD.

Four in five (80%) landlords are prepared, compared with just three in five (64%) sole traders – one in five self-employed workers haven't taken any steps at all to prepare for the April 2026 milestone.

Wolters Kluwer uncovered some of the finer details, suggesting that lower earners and older workers are among the least prepared.