Making quarterly submissions
Making quarterly submissions
What is this?
For clients meeting the criteria of MTD for Income quarterly submissions declaring their income and expenses for every self-employed or Landlord business must be made in addition to the annual self-assessment tax return.
Clients must be registered directly with HMRC for MTD; they are not automatically enrolled. Once enrolled you must add your client to your MTD management list and check their MTD connection before you can make any quarterly submissions, learn how to add your client here.
How do I make a quarterly submission?
You should ensure the self-employed record keeping is up to date before making the submission.
To review or make a quarterly submission you should first;
Select the ‘Tax Submission’ sections
Then select the current MTD tax year
Select and expand the business from the list
Then select view on the Income & Expenses line of the section you wish to submit
If your client has previously had MTD submissions made using another software provider then you will need to select Pull data form HMRC this will ensure the previous submission values are reflected on this tax form.
Review the figures generated by Record Keeping.
When ready select Submit to HMRC
Before you make the submission you have the option to request your client to approve the return. Select Request client approval .Your client will be notified you have requested their approval and they can log in to their account review and approve the contents. For clients that don't use the software or to keep for your own records you can download an MTD report from the MTD Submission Overview page
You will see if the submission is successful and the status will turn green and show up to date, the quarters will turn grey while your submission is being processed by HMRC, it may take up to 1hr to complete.
Troubleshooting
Quarter remains grey even after an hour has passed
Go to Tax Submission & select the MTD year
Select View Obligations from the Tax Submission overview screen, and then Pull data from HMRC
If this does not work:
Go to Tax Submission & select the MTD year
Select the drop down arrow beside the Business source & click on View in the Income and expenses line.
Check the Period start and end dates reflect the HMRC MTD quarter dates, if these are set to Calendar period dates go to your original software, change the dates to the MTD quarter dates to notify HMRC, then complete steps 1&2 above.