Is your MTD quarterly update under control before the Saturday 7 November deadline?

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If your records are not ready today, can you honestly say your MTD quarterly update is under control before Saturday’s deadline?

HMRC has confirmed that sole traders and landlords with qualifying income above £50,000 must submit their second Making Tax Digital for Income Tax quarterly update by Saturday 7 November 2026.

What has HMRC said?

The quarterly update is a digital summary of income and expenses, not a tax return. No tax payment is due at submission, but it must be sent through HMRC-recognised software, including an eligible bridging route for spreadsheet users.

Why does this matter?

For directors and finance leads, the deadline is a records-control test. Payroll, CIS, bookkeeping and payment information must reconcile before a small error becomes an expensive evidence problem.

What does this mean for workers and subcontractors?

Accurate records and timely corrections help prevent disputes over invoices, deductions and income.

How Genius helps

Genius helps businesses build practical payroll, compliance and record-control routines around the real labour model, not just a single deadline.

Frequently asked questions

Is an MTD quarterly update a tax return? No. It is a summary of income and expenses; no payment is due when it is sent.

Can spreadsheet users comply? Yes, where the spreadsheet is connected through compatible bridging software.

What if an earlier record contains a mistake? Correct it as soon as possible; it can be reflected in the next quarterly update.

Source: HMRC / GOV.UK, 2 November 2026.

Contact Genius: 020 7700 2000 | hello@geniusmoney.co.uk | geniusmoney.co.uk

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