MTD - Quarterly submissions

MTD - Quarterly submissions

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. ApariSolo 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

  1. Go to Tax Submission and select the current MTD tax year.

  2. From the MTD Submission Overview, find the business you wish to submit for and select the quarter that is due.

  3. Review your income and expenses for the quarter to make sure the figures look correct. This can be done within the software, or by downloading a filing report, instructions on how to do this are given below.

  4. Ensure the end date is set at a minimum to the end of the current quarter, you may select any date between the end of the quarter and the day you are sending as long as the quarter date period is covered. For Q4 the end date must be set to the end of the tax year.

  5. When you are satisfied, submit the quarterly update to HMRC.

  6. The quarter will update to green once HMRC has confirmed receipt. This can take up to an hour, please check back to ensure it has been accepted to avoid filing penalties if the return is rejected.

Before submitting, make sure all your transactions for the quarter have been categorised correctly. Once submitted, the quarter is marked as complete with HMRC.

Downloading a filing report

Before Submitting your Quarter you can download a filing report, this will show either a cumulative report that will show the details for all Quarters to date, or by specific quarters- You can also choose to include all of the recorded transactions for the specific period chosen. To access the report follow steps 1-3 above, then at the bottom of the page you will see a Download Report option. Choose the report type you would like and select Download.




Troubleshooting

Quarter remains grey even after an hour has passed

  1. Go to Tax Submission & select the MTD year

  2. Select View Obligations from the Tax Submission overview screen, and then Pull data from HMRC

If this does not work:

  1. Go to Tax Submission & select the MTD year

  2. Select the drop down arrow beside the Business source & click on View in the Income and expenses line.

  3. Check the Period end date, this should be in line with the submission deadline date for the quarter you are currently submitting, once the date has been corrected complete steps 1&2 above.

  4. Should this still not work, try the troubleshooting steps in our Setting up your HMRC connection help article here to make sure you are set up correctly. Steps 1 & 2 should be repeated again once the troubleshooting steps have been completed.

Need help?

If you need any assistance please check out the other articles in our Help Centre for how to get started using your account and if you have any further questions you can contact our support team here