TaxSimba — No Income This Quarter: Do I Still Need an MTD Update? 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 The latest period has no new trade income or expenses, but the year already contains transactions. Confirm the cumulative totals remain consistent with those earlier records. A quiet period does not mean replacing the year-to-date figures with zeros. DECISION TO RESOLVE Is there no new activity, or has the business actually ceased? YOUR POSITION Relevant year and source: ____________________ Evidence supporting your answer: ____________________ Missing item and who will obtain it: ____________________ Deadline or next review date: ____________________ 1. Confirm new income, expenses and refunds. Notes: ______________________________ 2. Check earlier cumulative figures. Notes: ______________________________ 3. Document any permanent cessation date. Notes: ______________________________ 4. Agree who sends the required update. Notes: ______________________________ 5. Save acknowledgement and remaining year-end tasks. Notes: ______________________________ Actions agreed and responsible person: ____________________________________ Guide: https://taxsimba.co.uk/blogs/mtd-no-income-quarter Check the current guide and official sources before relying on a deadline or process.