TaxSimba — Does MTD Mean Paying Income Tax Every Quarter?
Preparation worksheet

This is an optional offline planning aid, not a tax return or a filing confirmation.
Keep completed notes securely. Do not add passwords or one-time security codes.

PRACTICAL TASK
Label the payment before you make it Suppose your accountant charges £40 a month and the software shows an estimated £3,600 annual tax figure. Twelve service payments of £40 total £480 paid to the provider. They do not reduce the £3,600 estimate or count as tax paid to HMRC. Keep a simple payment list: payee, reference, amount, due date and confirmation. Use HMRC’s actual statement for tax amounts due. Do not divide the estimate by four and assume the result is a quarterly bill.

Outcome to confirm: ____________________
Evidence or reference: ____________________
Person responsible and next check date: ____________________

1. Update period and confirmation
Notes: ______________________________

2. Date and assumptions of current estimate
Notes: ______________________________

3. Other income not yet reflected
Notes: ______________________________

4. Actual HMRC payment dates and amounts
Notes: ______________________________

5. Personal tax-budget review date
Notes: ______________________________

Actions agreed with accountant:
____________________________________

Guide: https://taxsimba.co.uk/blogs/mtd-quarterly-updates-tax-payments

Check the current guide and official sources before relying on a deadline or process.