Ftax MTD for IT includes BOTH the Quarterly update form AND the End-of-Year form.
Ftax MTD for IT includes BOTH the Quarterly update form AND the End-of-Year form.
Tax filing software for over 20 years
File your quarterly updates and end-of-year return with HMRC recognised software. One credit covers your filing for the whole tax year. No subscription, no separate charge at year end.
One MTD for Income Tax credit, covering your full tax year.
A single credit covers your MTD for Income Tax filing for the year, however many times you need to submit during it. Free to use until your turnover exceeds £10,000.
£25
All prices exclude VAT. Existing customers receive a 15% loyalty discount on products for the coming tax year when they buy in April.
MTD for Income Tax adds four filings a year to your Self Assessment. Ftax charges one flat credit for the year rather than a monthly fee, so the cost of staying compliant is fixed and known.
Your credit covers all four quarterly updates and the end-of-year return. Nothing extra falls due in January.
You only need to apply a credit once your turnover passes £10,000. Below that, the forms are free to use.
Import your income and expense figures by CSV from your own spreadsheet, or record them in the Ftax Cashbook.
Ftax has been recognised by HMRC for online tax filing for over 20 years, across Self Assessment, VAT, CT600 and MTD.
Ftax keeps your forms, credits and submission data in one Ftax Account, and every successful submission is archived with a stamped PDF copy.
Two routes, depending on how you keep records:
Export your income and expense totals as a CSV file and import them straight into the quarterly update form.
Record transactions in the Cashbook and the totals carry through to the quarterly update form. Business Cashbook credits are low cost, and the Cashbook is currently half price for the 2026/27 tax year.
Buy your MTD for IT credit. The forms can be opened and used straight away.
Follow the business MTD step-by-step guide, then authorise MTD for Income Tax from your Ftax Account.
Enter your name, UTR and National Insurance number, then bring in your income and expense figures.
Send the quarterly update to HMRC. The submission is archived with a stamped PDF copy.
The Ftax team will help you set up to record income and expense transactions and submit quarterly updates in line with MTD requirements.
Most of the cost of MTD for Income Tax is decided by how your software charges, not by how the filing works.
✓ One credit covers the full tax year
✓ Quarterly updates and End-of-Year included
✓ One flat price of £25
✓ Free until turnover passes £10,000
✓ Import figures by CSV
✓ Refunds given without question
Based on common market packaging for UK tax software. Always check individual providers for details. HMRC notes that some recognised products send quarterly updates only, and that you should check whether a product also submits the tax return.
MTD for Income Tax applies to the self-employed and landlords with qualifying income above the threshold for the year. It began at £50,000 from 6 April 2026, falling to £30,000 in April 2027 and £20,000 in April 2028.
| Update | Standard periodAligned to the tax year | Calendar periodAligned to month ends | DeadlineSame for both |
|---|---|---|---|
| Quarter 1 | 6 April to 5 July | 1 April to 30 June | 7 August |
| Quarter 2 | 6 July to 5 October | 1 July to 30 September | 7 November |
| Quarter 3 | 6 October to 5 January | 1 October to 31 December | 7 February |
| Quarter 4 | 6 January to 5 April | 1 January to 31 March | 7 May |
| Tax return | The full tax year | The full tax year | 31 January |
Standard periods follow the tax year and apply automatically. Calendar periods run to month ends and must be selected in your software before your first update of the tax year. The submission deadlines are the same whichever you choose. The tax return, or Final Declaration, is due on 31 January after the tax year ends.
Yes. Ftax has been recognised by HMRC as a supplier of online tax filing software for over 20 years, and the MTD for Income Tax forms are built to HMRC’s MTD requirements. Only recognised software can be used to send quarterly updates.
One credit covers your MTD for Income Tax filing for one tax year. It includes both the quarterly update form and the end-of-year form, so there is no separate charge when the year-end filing falls due.
Quarterly updates for the 2026/27 tax year are due on 7 August 2026, 7 November 2026, 7 February 2027 and 7 May 2027.
Your Ftax Account shows the current period and its deadline, so you always know which one is next. The Final Declaration, which replaces the Self Assessment tax return, is then due by 31 January 2028.
HMRC has confirmed that no penalty points will be issued for late quarterly updates during the first year of MTD for Income Tax. All four quarterly updates still have to be submitted before you can complete your tax return, so it is best not to let them slip. Penalties do still apply to late tax returns and late payments, and those are unaffected by the first-year concession.
It applies if your combined gross income from self-employment and property was above £50,000, from 6 April 2026. The threshold falls to £30,000 from April 2027 and £20,000 from April 2028. Employment, pension, savings and dividend income does not count towards it.
Yes. Income and expense figures can be imported into the Ftax forms from your own spreadsheet by CSV file, or recorded in the Ftax Cashbook if you would rather keep everything in one place.
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