What are Quarterly Reporting & the Final Declaration?

HMRC will require 4 digital tax reports (cumulative):

• Q1 April - Jun (due 7th Aug)

• Q2 April - Oct (due 7th Nov)

• Q3 April - Jan (due 7th Feb)

• Q4 April - April (due 7th May)

The Final Declaration will confirm all records are correct and will be submitted by January 31st, and paid by Jan 31st the following year. In the Final Declaration you will need to:

• Tell HMRC about any personal income and gains

• Make claims, allowances and deductions

• Tell HMRC how you want to deal with any losses

• Confirm the information sent is correct and complete.