If your qualifying income from property and/or self-employment is over £50,000, and you're already within MTD, you need to submit your second quarterly update to HMRC by Saturday 7 November.
If your qualifying income from property and/or self-employment is over £50,000, and you're already within MTD, you need to submit your second quarterly update to HMRC by Saturday 7 November.
If you've not yet submitted yours, there's still time to get organised. Coconut explain more below.
What do you need to do?
Your second quarterly update covers the period 6 July to 5 October 2026 and requires you to:
- Check your rental income and allowable expenses are up to date.
- Make sure your records are stored digitally.
- Submit your quarterly update using HMRC-recognised software.
Don't panic, a quarterly update isn't a tax return, and you don't need to calculate or pay any tax when submitting it. It's simply a summary of your income and expenses.
HMRC has also confirmed that you can submit on Saturday 7 November itself, although it's worth getting everything ready as soon as possible.
Haven't signed up to MTD yet?
If your qualifying income is over £50,000, you should already be within the MTD requirements. HMRC has started automatically signing up some taxpayers, but this is happening gradually, so don't assume you're registered.
If you're unsure whether you've been signed up or what you need to do next, take a look at our handy guide to Making Tax Digital for landlords.
Need a hand with MTD?
That's where Coconut can help.
Designed with landlords and sole traders in mind, Coconut brings your income, expenses and tax records together in one place, helping you stay organised and meet your MTD requirements.
You can:
- Record and categorise your rental income and expenses.
- Keep digital records ready for HMRC reporting.
- Submit your quarterly updates directly to HMRC.
- Keep track of your finances throughout the year.
York RLA members receive 15% off all Coconut plans, making it easier to get started with MTD.
Get started with your free trial today!
Don't leave it until the last minute – get your records in order and make MTD a little easier with Coconut.