What figures do I need to digitally record and link for MTD for Income Tax?
HMRC stipulate that only the quarterly update income and expense figures for each self-employment and property income source must be digitally recorded and linked.
The figures for each income source are detailed below:
| Business type | Income fields | Expense fields |
|---|---|---|
| Self-employment |
|
|
| UK property |
|
|
| Foreign property |
|
|
If the turnover for a self-employment or property income source is below £90K, only a single consolidated expense figure needs to be submitted alongside the income figures.
If your figures are recorded in a spreadsheet, text or CSV file, you can use Easy MTD to extract them and submit them to HMRC each quarter. All other Income Tax figures such personal income, tax reliefs and deductions, that do not necessarily need to be digitally recorded can be typed or copy-and-pasted into Easy MTD just like you did on HMRC's online Self Assessment form - although digitally linking them is also an option if they are digitally recorded.
