# Mtdpilot report

As-of: **2026-10-13** · Qualifying income: **£55,000.00**
Cohort: **£50,000+ from 6 Apr 2026** — mandated from 2026-04-06 (already in force)

## Headline figures

- Qualifying income: £55,000.00
- Income Tax (illustrative): £5,086.00
- Class 4 NI (illustrative): £1,525.80
- **Total liability: £6,611.80**
- Payments on account sketch (each): £3,305.90

## Quarterly calendar (2026/27)

| Quarter | Due | Days | Status |
|---|---|---:|---|
| Q1 | 2026-08-07 | -67 | overdue |
| Q2 | 2026-11-07 | 25 | upcoming |
| Q3 | 2027-02-07 | 117 | upcoming |
| Q4 | 2027-05-07 | 206 | upcoming |

## Tax / NI sketch (rUK 2026/27)

- Income Tax: £5,086.00
- Class 4 NI: £1,525.80
- **Total: £6,611.80**
- POA sketch (each): £3,305.90

## Payment plan (POA + balancing, 2026/27)

- POA1: £3,305.90 due 2027-01-31
- POA2: £3,305.90 due 2027-07-31
- Balancing estimate: £0.00 due 2027-01-31
- Simplification: the current-year estimated liability is modelled as the payments-on-account base, so two POAs of half the liability cover it in full and the modelled balancing payment is £0.00 on the POA1 due date.

## Penalties

- 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

**Late-pay curve** (modelled on £6,611.80, 2026/27 regime):

| Days late | Penalty | Interest (illus.) | Total extra |
|---|---:|---:|---:|
| 0 | £0.00 | £0.00 | £0.00 |
| 15 | £0.00 | £0.00 | £0.00 |
| 30 | £0.00 | £0.00 | £0.00 |
| 31 | £396.70 | £1.81 | £398.51 |
| 45 | £396.70 | £27.17 | £423.87 |
| 60 | £396.70 | £54.34 | £451.04 |
| 90 | £396.70 | £108.69 | £505.39 |
| 180 | £396.70 | £271.72 | £668.42 |

## Software readiness

- MTD-compatible software connected: yes
- Choose software by: 2026-03-07 (-220 day(s) from as-of; 30 days before mandation on 2026-04-06)
- Bridging needed: no

## Next steps

1. Mandated since 2026-04-06 (£50,000+ from 6 Apr 2026): keep continuous digital records and file every quarterly update through MTD-compatible software.
2. File the Q2 quarterly update by 2026-11-07 (25 day(s) after 2026-10-13).
3. 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.
4. 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.
5. 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.

## Assumptions

- 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.
- Mandation uses gross qualifying income (trading turnover + property rents); profit figures drive the tax/NI sketch only.
- Late-payment and points figures model the 2026/27 penalty regime for illustration.

## Disclaimer

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.

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*Educational only — not advice. Rules: MTD-ITSA-2026-10.*