Rules for early submission
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You do not have to wait until the last day of the quarter to send an update.
- Early updates: if you know no more transactions will occur in the quarter, you can send the update up to 10 days before the quarter ends. For example, if you finish work on 25 June, you may send the Q1 update on 26 June.
- More frequent updates: you may send updates more often than quarterly (for example, monthly) if your software supports it. Each update still covers from the year start up to that date. Every statutory deadline you miss still counts.
- Nil updates: if you had no income and no expenses in a quarter, you must still send an update with zeros. A nil update tells HMRC you carried on with no activity and avoids a missed-deadline penalty.
Quarter type is fixed for the year
Once you send an update for a tax year, you cannot switch between standard and calendar quarters until the next tax year.
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