FREE WORKBOOK
MTD Quarterly Update Workbook
Whether you are in scope, from when, and the four dates you will be filing to. The first phase is already in force.
Join dozens who use this
Who this workbook is for
Anyone who looked at their profit and relaxed
Profit is not the test. Qualifying income is your gross self employment and property income before a single expense comes off. The demo invoices £64,000 and makes £55,000, and it is the £64,000 that puts it in scope from 6 April 2026.
Anyone choosing between standard and calendar quarters
Both are here, side by side. Standard periods run to the 5th of the month, calendar periods to the month end, and the deadlines are identical either way: 7 August, 7 November, 7 February and 7 May. Calendar has to be elected before your first update of the year.
Anyone expecting four tax bills
There are none. An update is a running total of income and expenses for the year so far, and nothing is claimed or adjusted until the final declaration. The money still moves on 31 January and 31 July, exactly as before.
