Throughout the tax year, you must submit four quarterly updates to HMRC. 

Each update includes cumulative income and allowable expenses for your selected income source.

You can only submit one income source per Sage Accounting company.

Before submitting, review your figures and complete the end-of-quarter checks.

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Open your quarterly update

1. Go to Reports, then select Income Tax.
2. Select Go to Income Tax summary.
3. Select Open quarterly update.

Review your figures

Before sending your update:

• Check your income and expenses are complete
• Confirm all ledger accounts have Income Tax categories assigned
• Confirm your ownership percentage is correct if you share a rental property

You can drill down into figures to review the transactions included in each category.

Send your update

1. Select Send to HMRC.
2. Confirm your submission.

HMRC processes your update after submission.

Complete extra checks for your fourth quarter only

Before sending your fourth quarterly update, complete the checklist to ensure your records are ready for year end.

You don't need to complete this checklist for quarters one to three.

The checklist guides you to:

• Review all income and expenses
• Process draft bank transactions
• Post draft sales invoices
• Post draft purchase invoices
• Fix missing Income Tax categories

Resolve any missing categories before submitting your fourth update.

How the date range in your quarterly update works