MTD 4 Subbies is an affordable and very easy to use software for Making Tax Digital for Income Tax and it is MTD ready - recognised by HMRC.
It is for:
- A sole trader or landlord registered for Self Assessment.
who needs to submit quarterly updates for:
- Being self-employed as a sole trader
- Renting out a UK property
- Renting out a foreign property
PLEASE NOTE: if you receive qualifying income from self-employment and/or property, you’ll be legally required to use Making Tax Digital (MTD) for Income Tax – based on the level of qualifying income – from the following dates:
- April 2026, if your qualifying income is over £50,000 in the 2024 to 2025 tax year
- April 2027, if your qualifying income is over £30,000 in the 2025 to 2026 tax year
- April 2028, if your qualifying income is over £20,000 in the 2026 to 2027 tax year
Because you'll be legally required to use Making Tax Digital (MTD) for Income Tax, you could get a penalty for not sending quarterly updates on-time.
MTD 4 Subbies supports all the functionalities for Quarterly Updates and end of year Tax Return, in particular:
- Maintain digital records of your tax affairs and be able to export and import them.
- Submit quarterly updates, annual updates, business income and expenses for your self-employment income (Self Employment Business).
- Submit quarterly updates, annual updates, business income and expenses for your UK and foreign property income (Property Business)
- Retrieve detailed information about your self-employment or property business and adjust its quarterly reporting period type (Business Details).
- Generate a year-end financial statement and submit and retrieve accounting adjustments for your self-employment or property business (Business Source Adjustable Summary).
- Generate and retrieve your Self Assessment tax calculation in real time, and submit your final declaration for the year (Individual Calculations).
- Submit, edit and retrieve your brought forward losses for your self employment or property business that happened before signing up for Making Tax Digital for Income Tax. It can also be used to make loss claims (Individual Losses).
- Retrieve information about different types of tax obligations for your self-employment or property business, retrieve income tax account for quarterly and annual updates (Obligations).
- Submit, edit and retrieve your received UK dividends and additional directorship and dividend information (Individuals Dividends Income).
- Submit, edit and retrieve your employment income, including non-PAYE income and other employment income. (Individuals Employments Income).
- Submit, edit and retrieve your Student Loan Benefits in Kind (BIK) (Individuals Employments Income).
- Submit, edit and retrieve your employment and other expenses eligible for tax relief (Individuals Expenses).
- Submit, edit and retrieve your UK savings accounts income (Individuals Savings Income).
- Submit, edit and retrieve your savings income for securities and foreign interest (Individuals Savings Income).
- Retrieve your Making Tax Digital status for a specific tax year to help advise you of your obligations and available options after quarterly and annual updates (Self Assessment Individual Details)
- Submit, edit and retrieve your underpaid tax and debts through a taxpayers PAYE tax code (Self Assessment Accounts)
- Submit and retrieve your opt out of coding out (Self Assessment Accounts)
- Submit, edit and retrieve your Construction Industry Scheme deductions (CIS deductions).
- Submit, edit and retrieve your foreign pensions and overseas pension contributions (Individuals Pensions Income)
- Submit, edit and retrieve your Capital Gain Tax for Residential Property Disposals (residential properties not reported in the 60-days reporting service) (Individuals Capital Gains Income)
- Submit, edit and retrieve your Report and Pay Capital Gains Tax on Residential Property. It enables you to override residential property disposal submissions previously submitted via HMRC for payment for property disposal (PPD), using the 'Report and pay Capital Gains Tax on UK property' service) (Individuals Capital Gains Income)
- Submit, edit and retrieve your income from other Capital Gains and disposals (Individuals Capital Gains Income).
- Submit, edit and retrieve your reliefs, in particular: Relief Investments, Other Reliefs, Foreign Reliefs, Pensions Reliefs and Charitable Giving Tax Reliefs (Individuals Reliefs).
- Submit, edit and retrieve your Pension charges and High Income Child Benefit Charge Submission (Individuals Charges).
- Submit your Marriage Allowance (Individuals Disclosures).
- Submit, edit and retrieve your Disclosures (Individuals Disclosures).
- Submit, edit and retrieve your Foreign Income (Individuals Foreign Income).
- Submit, edit and retrieve your Insurance Policies Income (Individuals Insurance Policies Income).
- Submit, edit and retrieve your Other Income (Individuals Other Income).
- Submit, edit and retrieve your Seafarers Deductions (Other Deductions).
- Retrieve a year-to-date summary of income and expenditure for your self-employment and/or property business (Business Income Source Summary).
- Submit, edit and retrieve your State Benefits (Individuals State Benefits).
- Submit, edit and retrieve your Partner Income (Individuals Partner Income)
- Submit, edit and retrieve your Tax Liability Adjustments (Individuals Tax Liability Adjustments)
The software stores the digital records in your device and can be exported or deleted at any time.
