Setting up a client for Making Tax Digital for Income TaxSole traders, landlords and individuals have an Income tax tab.Sending a quarterly updateEach quarterly update covers the tax year so far, so every update restates the figures from 6 April, or 1 April for calendar quarters.The income tax cash book and uploading a record sheetA client's records can come from the ledger, from the income tax cash book, or from a spreadsheet you upload.The end of the year and the final declarationAfter the fourth update, the end of year page takes the adjustments, allowances and losses for each business, then the calculation and the final declaration, due by 31 January.
Making Tax Digital for Income Tax
Client set-up, quarterly updates and the final declaration. 4 articles.