MTD for income tax

Hello Office81, 

Welcome to the Community page, 

Can we ask which product are you using in Quickbooks is it our self-employed product or one of our small business products? 

Hi

Im an accountant so I using quickbooks online for my business and personally, but also need to know for my client that are using the self employed version too? is there a timeline in place yet?

Hello Office81, 

Thanks for getting back to us, 

So there will be a timeline but it has not been annoyed yet, all we know is that something is coming in 2023 This link tells you more below.  

https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital

Does Quickbooks support MTD for Income Tax now or very soon?

I don't see it listed on HMRC's list: https://www.gov.uk/guidance/find-software-thats-compatible-with-making-tax-digital-for-income-tax

There is an option with HMRC to join the live pilot. I currently organise my self-employment records in a spreadsheet but I would like to start using software before April 2021 and join the HMRC pilot.

Hello there, @JRGB.

Currently, the ability to use QuickBooks Self-Employed to submit your self-assessment using MTD is not available. Here are the features that you can do:

• Create, send and track invoices on the go
• Snap, scan, sort and forward receipts
• Download and categorise bank transactions automatically.
• Estimate self-employment tax payments
• Easily separate business and personal transactions.
• Automatically track your mileage.

In the meantime, I am not certain on when the Making Tax Digital (MTD) feature will be able in QuickBooks Self-Employed. However, this is already available in QuickBooks Online for eligible small business owners. You can read through these articles to learn how it works:

• Everything you need to know about Making Tax Digital (MTD)
• Authorise QuickBooks to interact with HMRC - MTD for small businesses

Also, I'd recommend contacting the HMRC so you'd be guided in joining a live pilot to submit your self-assessment using MTD. 

Leave a comment below if you have other questions or concerns. I'm always here to help.