I currently have 3 very small businesses, none of which are eligible for VAT. I keep records and submit my income and expenses on my tax return each year separately for each business on spreadsheets.
Looking to the future and Making Tax Digital I am currently investigating various apps/online services that allow me to record the same data electronically in a more immediate and structured way and particularly looking at services that are committed to being MTD compliant. So far the ones I have looked at seem fairly complex for my needs and quite expensive and none of them address the issue of how do I manage 3 separate businesses. The one I am trialling currently is Quickbooks Self Employment which is the most straightforward to use and when I asked about managing 3 businesses with them they said that I would have to run 3 separate accounts using 3 separate email addresses but couldn't answer how this might be amalgamated into to one consolidated tax return under my name.
So my question is - Is it acceptable for me to keep my records for all 3 businesses together under one business and submit records, when the time comes for non-VAT businesses to do MTD under just the one business entry?