QuickBooksHelpIntuitSend a quarterly update for MTD Income Tax in QuickBooks
by Intuit•2• Updated 1 month ago
Learn how to review your business income and expenses and submit them to HMRC for the quarter.
Before you begin
- Follow this link to complete the steps in product.
- Select Income tax, then select View & Submit All Obligations from the Income Tax menu to open your Overview page.
- Check your deadlines to see which quarter is due.
To learn more, see View and manage your MTD Income Tax obligations in QuickBooks.
To send an update
- Go to the Overview page.
- Find the current open quarter. You can start the update in two ways:
- Select Send update on the specific update card at the top of the page.
- Scroll down to the Quarterly Updates list and select Send update next to the specific income source.
- Choose the period you want to cover:
- Up to end of Q[x]: Submits data for just the specific quarter.
- Year to date: Submits cumulative data for the tax year so far. Note: If you select Year to date, you must continue submitting year-to-date figures for the rest of the tax year.
- Review your Business income and Allowable business expenses. You can select any of the individual amounts to get a detailed breakdown of the transactions within the category.
- (Optional) Select Preview tax mapping to see how your chart of accounts maps to HMRC tax categories.
- (Optional) If you are an accountant, select Download CSV to share the report with your client for approval.
- When you are ready, select Submit to HMRC.
You will see a confirmation screen when HMRC receives your update. On your Overview page, the quarter will now show a green tick to indicate it is complete.