Export Making Tax Digital for Income Tax reports
This article explains how to export year-to-date figures that have been generated from the Making Tax Digital (MTD) for Income Tax area in FreeAgent.
Please note:
- FreeAgent’s MTD for Income Tax functionality is available for sole traders and unincorporated landlords. Read our fast-track guides for sole traders and landlords for MTD for Income Tax and how to approve and send quarterly updates using the FreeAgent mobile app.
- You’ll need full (level 8) access to your FreeAgent account in order to access and export MTD for Income Tax returns in FreeAgent.
- If you use FreeAgent with your accountant, they may file your MTD for Income Tax returns on your behalf and restrict your ability to access and file these. Please speak to your accountant if you have any questions or want to be able to access these. FreeAgent is unable to change these permissions for you.
Navigate to the ‘Taxes’ tab at the top of the screen and select ‘Income Tax’ from the drop-down menu.
Select the relevant user from the drop-down menu (if applicable).
Select the relevant tax year from the list.
Select ‘Export’ and choose the relevant option from the drop-down menu. You can select either ‘Full report’ (XLSX), ‘Tax Breakdown (XLSX)’ or ‘Submission data (PDF)’.
Full report
Selecting ‘Full report XLSX)’ will download the full income and expense totals from the ‘Self employment’ page if you have a sole trader account, or the ‘UK property’ page if you have an unincorporated landlord account.
Tax breakdown
Selecting ‘Tax Breakdown (XLSX)’ will download a detailed breakdown of your tax estimate and your year-to-date tax position for Making Tax Digital (MTD) for Income Tax.
HMRC will provide you with an annual tax estimate based on the information submitted so far. This is then extrapolated by assuming the same income and deductions for the remaining days of the tax year, forecasting your final tax liability. As a result, the estimate may change in future quarters and may differ from the actual tax liability due at the end of the tax year.
Under MTD for Income Tax, FreeAgent does not calculate the tax estimate figure, instead receiving this directly from HMRC, so if you have any queries regarding the tax calculation, you would need to reach out to HMRC using the contact details in the letter they would have sent you when you joined MTD.
Submission data
Selecting ‘Submission data (PDF)' will download a .PDF of the figures that have been sent to HMRC so far for MTD for Income Tax.
This report is useful when communicating with HMRC as it shows the data which they received from FreeAgent when you filed the submissions. You can search for specific information or figures on the .PDF by opening it, pressing ‘ctrl + F’ on a PC or 'cmd' + ‘F' on a Mac to access ‘Find in document’ and then enter the term you want to search for.