If your circumstances change
How to add and cease your income sources, adjust payments on account, amend a submitted return, or catch up on digital records and quarterly updates.바카라 사이트¯
After signing up for Making Tax Digital for Income Tax, you바카라 사이트™ll need to tell us about any changes in circumstances. This may be a one-off notification, or to report new information relating to a change.바카라 사이트¯Â
You바카라 사이트™ll be able to report most changes using your existing HMRC online services, or you바카라 사이트™ll need to contact our dedicated customer support team.
To include a new source of self-employment or property income, you should add it to your HMRC online services account. This can be done in the Managing your Income Tax updates section. If you바카라 사이트™re an agent, this can be done in the Manage your client바카라 사이트™s Income Tax details section.바카라 사이트¯Â
You will need to provide details about your self-employment and property income sources. This includes your start date if it바카라 사이트™s within the last 2 years. For property income sources, this is the date you started to receive rental income. You바카라 사이트™ll also need to confirm which accounting method you will use as this should be the same method used for all income sources.바카라 사이트¯Â
You should then check your software to make sure the business details have been updated. You may need to refresh it in your software. You can then send quarterly updates which will include your new income source.바카라 사이트¯Â
If you바카라 사이트™re not able to keep digital records of the new income source, you still need to report it using your software before you바카라 사이트¯finalise your Income Tax position. If you바카라 사이트™re not able to report your new income source through compatible software, you바카라 사이트™ll need to opt out of the testing phase.
You can use your HMRC online services account to cease a source of self-employment or property income. This can be done in the 바카라 사이트˜Managing your Income Tax바카라 사이트™ updates section. You can do this by entering the date the income source stopped.바카라 사이트¯바카라 사이트¯Â
After you바카라 사이트™ve notified HMRC, you will not need to send any quarterly updates once the business has ended.
If you바카라 사이트™ve signed up for Making Tax Digital for Income Tax voluntarily, you can opt out at any time during the testing phase.바카라 사이트¯Â
If you choose to opt out, you바카라 사이트™ll no longer need to send quarterly updates for self-employment or property income and expenses using Making Tax Digital for Income Tax. Updates you바카라 사이트™ve sent will be deleted for the tax year you바카라 사이트™re opting out for.바카라 사이트¯Â
You바카라 사이트™ll still need to submit a바카라 사이트¯Self Assessment tax return바카라 사이트¯as usual.바카라 사이트¯You should also바카라 사이트¯find out if and when you need to use Making Tax Digital for Income Tax바카라 사이트¯in the future.바카라 사이트¯Â
You can use your HMRC online services account to opt out. This can be done in the Managing your Income Tax updates section of the Making Tax Digital for Income Tax service. Go to View deadlines and Manage how you report to inform us you wish to opt out.바카라 사이트¯Â
If you바카라 사이트™re an agent, you바카라 사이트™ll be able do this once you바카라 사이트™re authorised and can access your client바카라 사이트™s HMRC online services account.
Payments on account바카라 사이트¯are advance payments towards your tax bill (including Class 4 National Insurance if you바카라 사이트™re self-employed).바카라 사이트¯Â
If you know your tax bill will be lower than last year, you can reduce your payments on account. You can do this in your HMRC online services account for Making Tax Digital for Income Tax. Access the 바카라 사이트˜What you owe바카라 사이트™ and 바카라 사이트˜Adjust payments on account바카라 사이트™ for the tax year sections.
If you바카라 사이트™ve submitted a return using your chosen software for Making Tax Digital for Income Tax and are within the amendment window, contact the customer support team to discuss how to make an amendment.바카라 사이트¯Â
If you submitted a paper or online tax return for a previous year, follow the guidance to바카라 사이트¯make changes for Self Assessment tax returns.
If you sign up after the tax year started, you can either:바카라 사이트¯Â
- catch up now with all digital record-keeping바카라 사이트¯a²Ô»å바카라 사이트¯quarterly updates바카라 사이트¯Â
- start keeping digital records from the date you or your client signed up and update earlier records later바카라 사이트¯Â
For example, you may choose to catch up later if you do not normally do record-keeping until the end of the tax year.바카라 사이트¯Â
All digital records must be created and quarterly updates sent before submitting the tax return (due by 31 January following the tax year).바카라 사이트¯Â
Those who have signed up early to the testing phase of Making Tax Digital for Income Tax will not receive penalties for late quarterly updates for the 2025 to 2026 tax year.바카라 사이트¯바카라 사이트¯Â
Read more information on the penalties that will apply if you use the service.
If you choose to catch up later바카라 사이트¯Â
You can send nil returns for earlier update periods that ended before you signed up. Once you create digital records, they바카라 사이트™ll be added to the next quarterly update you send. If you create your digital records after the end of the tax year, you바카라 사이트™ll need to resend your fourth quarterly update.