Name | Description |
|---|---|
Property Name/First Line of Address/Postcode/Country Code | Digita updates this grid based on the entry you provide in the Rental schedule. |
Accounting Type | Select Accruals or Cash basis of accounting. |
Business ID/Commencement/Cessation | Digita auto-populates these fields based on information provided to HMRC. You can't manually change them in MTD. |
Three-Line Accounting | Use this simplified expenses option only when the taxpayer's total annual income is less than £90,000. If the total annual income exceeds £90,000 for the tax year, you'll need to report detailed expenses. |
Report Consolidated Expenses | Select this checkbox to report consolidated expenses. This action clears existing data for unsubmitted quarters and requires you to re-import the data. |
Calendar Election | Use this option for clients with an accounting period that begins on 1 April and ends on 31 March. Digita disables these checkboxes after you make the 1st submission. |
Calendar Election Previously Claimed | Select this only if you previously claimed a calendar election. This changes the obligation periods to begin on 6 April and end on 31 March. Adjust income and expense details for the period from 1 April to 5 April in the Annual section. |
Elect for Quarterly Calendar Election | Select this option if the client's accounting period begins on 1 April and ends on 31 March. This changes the obligation periods to begin on 6 April and end on 31 March. Adjust income and expenses details for 1 April to 5 April in the annual section. |
Name | Description |
|---|---|
Import |
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Clear | Clear all data within a quarter.
important
This action deletes all amounts entered for this quarter and affects annual totals. |
Refresh | Refresh existing data in a quarter. |
Last Imported | Date and time of the most recent data imported for the quarter. |
U.K. Tax Paid: | Enter any U.K. taxes paid towards Foreign Property manually in this field. |
Foreign taxes | Select Claim foreign tax as deduction to claim foreign tax as a deduction rather than Foreign Tax Credit Relief (FTCR).
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Residential financial costs | You can use both current period costs and brought-forward costs. However, Personal Tax doesn't transfer over brought-forward amounts automatically from previous tax years. You'll need to add these amounts by importing a spreadsheet. |
Status | Description |
|---|---|
Prepared | Select this status when the quarterly submission is prepared. Digita makes all data in the quarter read-only and disables Clear , Refresh , and Import from Spreadsheet . |
Reviewed | Select this status when the quarter is reviewed. Digita disables the Prepared checkbox. If you select Reviewed directly, Digita also marks the quarter as prepared. |
Approved | Select this status when the quarter is approved. Digita disables the Prepared and Reviewed checkboxes. Digita also shows a padlock on the quarter row and locks the schedule for editing. If you select Approved directly, Digita also marks the quarter as prepared and reviewed. |