Making Your Quarterly MTD Submission
What is this?
Under Making Tax Digital for Income Tax, you are required to send quarterly updates of your income and expenses to HMRC throughout the year. ApariPro allows you to do this directly.
Why do I need to submit quarterly?
HMRC requires anyone mandated for Making Tax Digital to report their income and expenses four times a year rather than just once at year end. Each quarterly submission covers a three-month period and must be sent by the deadline for that quarter.
The four quarters and their deadlines are:
Quarter 1 (April 6th to July 5th) — deadline 7 August
Quarter 2 (July 6th to October 5th) — deadline 7 November
Quarter 3 (October 6th to January 5th) — deadline 7 February
Quarter 4 (January 6th to April 5th) — deadline 7 May
Viewing your obligations
You can check the status of all your quarterly obligations at any time by going to Tax Submission and selecting the current MTD tax year. From the MTD Submission Overview you will see each quarter listed, colour coded to show its status:
Grey — not due yet
Yellow — now due
Red — overdue
Green — submitted successfully to HMRC
Each quarter is shown separately for each of your businesses, so if you have both a self-employed business and a rental business you will see separate obligations for each.
How to submit your quarterly update
Go to Tax Submission and select the current MTD tax year.
From the MTD Submission Overview, find the business you wish to submit for and select the quarter that is due.
Review your income and expenses for the quarter to make sure the figures look correct.
When you are satisfied, submit the quarterly update to HMRC.
The quarter will update to green once HMRC has confirmed receipt. This can take up to an hour.
Before submitting, make sure all your transactions for the quarter have been categorised correctly. Once submitted, the quarter is marked as complete with HMRC.