Checklists
Making Tax Digital for Income Tax for Individuals Full Checklist
Preview Checklist
Making Tax Digital for Income Tax for Individuals: Full Checklist
1. Check if you are required to sign up
☐ Confirm you are registered for Self Assessment.
☐ Confirm you receive income from self-employment or property (or both).
☐ Check if your qualifying income (gross self-employment + property income) is:
o Over £50,000 → Required from 6 April 2026.
o Over £30,000 → Required from 6 April 2027.
☐ If income between £20,000–£30,000, MTD will apply later (timeline to be confirmed).
2. Work out your qualifying income
☐ Include self-employment income (gross, before expenses).
☐ Include property income (your share if jointly owned).
☐ Exclude:
o Employment (PAYE) income.
o Partnership income (unless disguised investment management fees apply).
o Dividends and savings interest.
o Qualifying care relief, basis period transition profits, trust income, etc.
☐ Apply UK tax residence rules when including/excluding foreign income.
3. Check your start date
☐ If qualifying income > £50,000 based on 2024–2025 tax return → Start MTD from 6 April 2026.
☐ If qualifying income > £30,000 based on 2025–2026 tax return → Start MTD from 6 April 2027.
☐ Await HMRC confirmation letter after submitting your return.
4. Prepare your compatible software
☐ Select software that:
o Creates, stores, and corrects digital records.
o Sends quarterly updates.
o Submits your final tax return.
o Supports all relevant income sources (self-employment, UK property, foreign property).
☐ If using spreadsheets, ensure you have bridging software.
☐ If your accounting period is 1 April–31 March, confirm the software supports calendar update periods.
5. Sign up for Making Tax Digital for Income Tax
☐ Ensure:
o Up-to-date personal details with HMRC.
o UK resident status.
o National Insurance number.
o No outstanding tax liabilities.
☐ Collect required information:
o Business name, start date, address, and type.
o Accounting method (cash or traditional).
o Accounting period (standard or calendar).
☐ Use your HMRC online services account or let your agent sign you up.
6. Create and maintain digital records
☐ Create digital records of:
o Self-employment income and expenses.
o Property rental income and expenses.
☐ Keep original invoices, receipts, and documents (digitally or physically).
☐ If using bridging software, ensure digital links are maintained (no copy-paste).
7. Send quarterly updates
☐ Prepare quarterly updates covering:
o 6 April–5 July (Deadline: 7 August)
o 6 April–5 October (Deadline: 7 November)
o 6 April–5 January (Deadline: 7 February)
o 6 April–5 April (Deadline: 7 May)
☐ Alternatively, opt for calendar periods (1 April–30 June, etc.).
☐ Send even if no income/expenses (“nil returns”).
8. Adjust your business income at year-end
☐ After sending your 4th quarterly update:
o Apply tax adjustments (e.g., disallowable expenses).
o Apply accounting adjustments (e.g., accruals, prepayments).
o Adjust for 1–5 April income if using calendar periods.
o Claim reliefs and allowances (e.g., capital allowances, Rent a Room relief).
9. Finalise your Income Tax position
☐ Add other income sources (dividends, savings, employment) into your software.
☐ Submit your full Self-Assessment tax return via compatible software.
☐ Submit by 31 January following the end of the tax year.
☐ Confirm the information is accurate and complete.
10. Stay compliant with record-keeping and payments
☐ Keep digital records for at least 5 years after 31 January deadline.
☐ Pay Self-Assessment tax bill on time to avoid penalties.
☐ Manage any changes:
o Add or cease income sources via HMRC online account.
o Adjust payments on account if needed.
o Amend returns via HMRC or through contacting support.
⭐ Other Situations to Monitor
• If you start a new business after signing up → Include it from next Self-Assessment year.
• If you jointly let properties → Choose whether to submit full or simplified expenses in quarterly updates.
• If your turnover crosses £90,000 → Apply full digital categorisation requirements.
Companies House Identity Verification Service Engagement Letter Template
Craft engagement letters tailored to your Identity Verification services as an Authorised Corporate Service Provider. Choose from our ready-made template or sign up to FigsFlow to unlock features that make your life easier.
Use Template for Companies House Identity Verification Service Engagement Letter
Jumpstart your engagement letter creation with our ready-made template. Simply download and personalise it to align with your services and client needs.
- Pre-drafted clauses covering ECTEA 2023 and Registrar Regulations 2025
- Easily customisable for different client profiles and verification scopes
- Clearly defined roles, data retention policies, and limitations of liability
- Quick and efficient format designed for legal accuracy and client clarity
Try FigsFlow for Companies House Identity Verification Service Engagement Letter
Elevate your engagement letters with FigsFlow’s advanced features. Enjoy dynamic previews, real-time collaboration and a centralised dashboard for efficient management.
-
Real-time editing with legal team collaboration
-
Track and manage engagement letters in one place
-
Template library tailored to regulatory compliance
Which Option Is Best for You?
See what FigsFlow’s pre-loaded engagement letter templates and advanced features offer. Compare and choose the solution that works best for you.
Features
Pre-built Template
Sign Up & Use Advanced Features
Professionally Written Clauses
-
Available
-
Available
Personalised Engagement Letter Editing
-
Manual editing required
-
Simple live editing available
Team Collaboration
-
Not available
-
Built-in collaboration tools available
Automated Updates & Notifications
-
Not available
-
Available for compliance tracking
Centralised Document Management
-
Manual offline management required
-
All-in-one intuitive platform

But there is so much more!
Let FigsFlow fulfil your engagement management needs!
- 30-day free trial
- No credit card required
- Cancel anytime
Frequently Asked Questions
Got questions? We’ve got answers.
Explore our FAQs to learn how FigsFlow simplifies your workflows and boosts efficiency.
Is this engagement letter template compliant with the Economic Crime (Transparency and Enforcement) Act 2023?
Yes. The template is specifically designed to meet the requirements under ECTEA 2023 and the Registrar (Identity Verification and ACSP) Regulations 2025.
Can I customise this engagement letter for different types of clients or services?
Absolutely. The template is structured to be flexible and can be adapted to suit different business types, ownership structures and verification scenarios.
What happens if my client’s application is rejected?
The template includes clauses clarifying that the service provider is not liable for application outcomes and that fees are non-refundable, in line with expectations up front.
Does FigsFlow store client identity information?
No. FigsFlow provides the infrastructure for engagement letter creation and management but does not store or process client identity verification data.