As we move closer to the next big shift in UK tax regulation, the equestrian community is asking: Are we ready? At LIVERYLive, we know that running a yard is more than just a full-time job – it’s a lifestyle.
Between the early starts and late finishes, finding time for a “shoebox of receipts” is not the best use of your time. With the government’s Making Tax Digital (MTD) for Income Tax rules fast approaching, the way you track your income and expenses is about to change.
The good news? We’ve built the tools to make this transition seamless.
What are the New Rules?
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) marks the end of the traditional annual tax return. Instead of one big filing in January, the new rules require you to keep digital records and send quarterly updates to HMRC.
- April 2026: Mandatory for sole trader with a qualifying income over £50,000.
- April 2027: The threshold drops to £30,000.
- The Goal: To reduce errors and bring the tax system into the modern age with real-time reporting.
If you hit these thresholds, you can no longer rely on paper ledgers. You must use HMRC-compatible software to track your business finances digitally.
How LIVERYLive Simplifies Compliance
We’ve designed LIVERYLive to be the “digital bridge” your yard needs. We take the friction out of record-keeping by automating the journey from the yard to HMRC
1. Seamless Request-to-Bill Workflow
- The Request: A horse owner sends a service request via the app
- The Completion: Your yard team completes the task and marks it as done
- The Bill: The service is automatically added to that horse’s digital bill. Every penny is tracked digitally from the moment the service was requested, ensuring you meet the digital record-keeping requirements
2. Powerful New Integrations: Xero, QuickBooks, and Stripe
To ensure you are fully MTD-compliant, LIVERYLive now connects directly with the world’s leading accounting and payment platforms.
- Direct Sync: Your LIVERYLive invoices can be sent via Xero or QuickBooks.
- Instant Payments: Connect to Stripe to allow owners to pay their invoices instantly online.
- Automated Reconciliation: Payments are automatically reconciled within your accounting platforms, meaning your quarterly tax updates are ready to go with zero extra effort.
Don’t Wait Until April
Transitioning to a digital-first yard doesn’t just help with tax; it helps with your cash flow, your costings, your professional image, and your sanity. By the time the HMRC deadlines arrive, you’ll already have a year of digital history under your belt.
Ready to get your yard MTD-ready? Visit us at LiveryLive.com to see how we make yard management (and tax compliance) completely painless.