Upload the bank statements covering your tax year. Transactions are extracted, grouped into HMRC tax quarters, and totalled ready for Making Tax Digital updates.
Upload 2 to 12 monthly statements in JPEG, PNG or PDF format
Preparing statements…
Each statement usually takes 20–60 seconds to process.
Making Tax Digital for Income Tax replaces the once-a-year scramble with a rolling rhythm: digital records kept as you go, a summary sent to HMRC each quarter, and a final tax return after year end. This tool helps with the part that trips most people up, which is turning a year of bank statements into per-quarter income and expense totals under HMRC's category headings.
| From | Applies if your qualifying income is over | Status |
|---|---|---|
| 6 April 2026 | £50,000 | In force now |
| 6 April 2027 | £30,000 | Confirmed |
| 6 April 2028 | £20,000 | Announced; legislation being confirmed |
Qualifying income is your gross income from self-employment and property combined, before deducting any expenses, taken from the tax return you filed the previous year. Employment income, dividends and pensions do not count towards it. Some groups are exempt, including those without a National Insurance number and, for now, people claiming certain reliefs; you can also apply for exemption if you are digitally excluded.
| Update | Period covered (cumulative) | Deadline |
|---|---|---|
| Q1 | 6 April to 5 July | 7 August |
| Q2 | 6 April to 5 October | 7 November |
| Q3 | 6 April to 5 January | 7 February |
| Q4 | 6 April to 5 April | 7 May |
Two details matter here. First, updates are cumulative: each one covers from the start of the tax year to the end of the period, not just the latest three months, so a mistake in Q1 is simply corrected in the Q2 update. Second, you can elect in your software to use calendar quarters instead (1 April to 30 June and so on) with the same deadlines; the election must be made before your first update of the year. Full detail is in our quarterly deadlines guide.
A quarterly update is a summary of business income and expenses by category. No accounting adjustments, no reliefs, no tax calculation. All of that happens after year end, when you finalise your position and submit your tax return through your software by 31 January following the end of the tax year, the same date the tax is due.
Late submissions earn penalty points: one point per missed deadline, and a £200 penalty once you reach four points, plus £200 for each further miss. Points drop off your record after 24 months for those who stay under the threshold. For the 2026/27 tax year HMRC is not issuing points for late quarterly updates, giving the first wave of mandated taxpayers a year to settle in, but the tax return deadline still carries penalties.
Upload the statements covering your tax year (up to 12 files). Every transaction is extracted and categorised, grouped into the correct tax-year quarter based on its date, and totalled per category, with an Excel export containing one sheet per quarter. If your statements span more than one tax year, the tool reports on the year with the most transactions and tells you what it excluded, so quarters from different years are never silently merged. What it cannot do is submit anything: the totals are a starting point to check and carry into MTD-compatible software.