MTD Check

31 JANUARY

The MTD final declaration

Under MTD you still confirm your year once: the final declaration replaces the Self Assessment tax return.

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What to know

Key dates

PhaseQualifying incomeFromTested on
1Over £50,0006 April 20262024/25 return
2Over £30,0006 April 20272025/26 return
3Over £20,0006 April 20282026/27 return

The MTD final declaration FAQs

Do quarterly updates replace the year-end step?

No. A final declaration is still required.

When is the final declaration due?

By 31 January following the tax year.

Does it replace Self Assessment?

The stated rule says it replaces the Self Assessment tax return.

How is it submitted?

Through MTD-compatible software.

Related MTD guides

Sole traders · Landlords · Thresholds · Quarterly updates · Complete guide · Start date · Who it applies to · Final declaration · £30,000 threshold