MTD plan
Qualifying income £55,000.00 · as-of 2026-10-13
Qualifying income £55,000 meets £50,000+ from 6 Apr 2026.
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Quarterly calendar (2026/27)
| Q | Window | Due | Days | Status |
|---|---|---|---|---|
| Q1 | Q1 (6 Apr–5 Jul) due 7 Aug | 2026-08-07 | -67 | overdue |
| Q2 | Q2 (6 Jul–5 Oct) due 7 Nov | 2026-11-07 | 25 | upcoming |
| Q3 | Q3 (6 Oct–5 Jan) due 7 Feb | 2027-02-07 | 117 | upcoming |
| Q4 | Q4 (6 Jan–5 Apr) due 7 May | 2027-05-07 | 206 | upcoming |
Tax / NI sketch
| Income Tax | £5,086.00 |
| Class 4 NI | £1,525.80 |
| Total liability | £6,611.80 |
| POA sketch (each) | £3,305.90 |
rUK 2026/27 illustrative bands. Ignores savings/dividend stacking, Scottish rates, student loans, loss relief, capital allowances detail, and Class 2. Not a Self Assessment substitute.
Penalty exposure
Submission points: 0 → financial £0. No late-submission penalty points for missed quarterly updates in 2026/27 — you still must file them before the MTD year-end return.
Late payment (45d): penalty £396.70 · interest illus. £27.17 · total extra £423.87
Ordered next steps
- Mandated since 2026-04-06 (£50,000+ from 6 Apr 2026): keep continuous digital records and file every quarterly update through MTD-compatible software.
- File the Q2 quarterly update by 2026-11-07 (25 day(s) after 2026-10-13).
- Budget for the illustrative £6,611.80 liability (Income Tax £5,086.00 + Class 4 NI £1,525.80): sketch payments on account of ~£3,305.90 each due 31 January and 31 July, with any balance due the following 31 January.
- A balancing payment 45 day(s) late in 2026/27 adds ~£396.70 penalty + £27.17 illustrative interest — pay by 31 January to stop the ladder. Paying another 15 days late (day 60) jumps the modelled extra from ~£423.87 to ~£451.04.
- If an accountant files for you, authorise them as your agent and send them this report link so the 2026/27 deadlines above are covered.
Educational illustration only — not tax or legal advice. Mandation uses gross qualifying income (trading + property). Tax/NI figures are simplified rUK 2026/27 estimates and ignore many reliefs. Confirm deadlines and software obligations on GOV.UK / with a qualified agent.