TaxSimba — My Income Has Fallen: Can I Stop Using MTD?
Preparation worksheet

Optional offline planning aid, not a tax return or filing confirmation.
Keep completed notes securely; never include passwords or one-time codes.

WORK THROUGH THIS EXAMPLE
You expect a lower-income year and want to cancel software. Recover the relevant returns and check the MTD exit conditions first. Keep the confirmed outcome before ending the process used for existing obligations.

DECISION TO RESOLVE
What evidence supports the exit, and who has confirmed when reporting stops?

YOUR POSITION
Relevant year and source: ____________________
Evidence supporting your answer: ____________________
Missing item and who will obtain it: ____________________
Deadline or next review date: ____________________

1. Record gross qualifying income by tax year.
Notes: ______________________________

2. List continuing and ceased sources.
Notes: ______________________________

3. Keep cessation or changed-circumstance evidence.
Notes: ______________________________

4. Check the current leaving or exemption route.
Notes: ______________________________

5. Retain confirmation and agree any final submissions.
Notes: ______________________________

Actions agreed and responsible person:
____________________________________

Guide: https://taxsimba.co.uk/blogs/mtd-income-fallen-opt-out
Check the current guide and official sources before relying on a deadline or process.