Ftax MTD for IT will submit your incomes and expenses Quarterly update forms, enable you to complete your End-of-Year tax return, calculate your tax liability, and make your Final Declaration to HMRC.
Note – expected form availability timescales are detailed below. The Ftax team will help you set up to record income and expense transactions. This is your ONLY immediate MTD obligation.
Key features:
- MTD for IT web form tax returns for the year ending 5th April 2027.
- Includes BOTH the incomes and expenses Quarterly update web form AND the End-of-Year web form.
- Ftax MTD for IT credits valid for one tax year enabling both web forms across the full tax filing cycle.
- Get started for free – a credit only needs to be applied when turnover exceeds £10k (a previous Ftax purchase is required to set up an Ftax Account).
- Completely free to use provided turnover does not exceed £10k.
- Self-employment, UK Property, and Foreign Property Quarterly update forms included.
- Incomes and expenses data may be imported into the forms EITHER via .CSV files OR via the Ftax Cashbook (which will enable multiple person property ownership).
- The End-of-Year form will initially include the Self-employment, UK Property, Foreign Property, Employment, UK Savings, UK Dividends, Capital Gains, losses and pensions sections.
- Further sections will be added to the End-of-Year form by April 2027.
- Simple PDF copy of the completed tax calculation, including the tax liability.
- Your Ftax Account will automatically record and archive all tax filing activities.
- Automatic form upgrades throughout the full tax filing cycle.
- The Ftax team will help you set up to record income and expense transactions in accordance with MTD requirements. Note – HMRC do not expect you to submit anything before July 2026.
- The Quarterly update forms are expected to be ready for use by the end of April 2026. The End-of-Year form will become available before July 2026.
- Initially, only self-employment income and expense data may be recorded in the Ftax Cashbook. UK property and foreign property data entry will be enabled by the end of April 2026.
