Submitting Quarterly Updates in the UK
· WOWERI
In the UK, quarterly updates are required for tax purposes. Learn when and how to submit them.
Introduction
In the UK, a system of quarterly updates is in place for tax purposes. This means that companies and individuals must submit updates on their tax activity every three months.
When to Submit Updates
Updates must be submitted within one month after the end of each quarter. Quarters typically end on March 31, June 30, September 30, and December 31.
How to Submit Updates
Updates can be submitted online through the HMRC portal or by mail. This requires filling out a special form and providing necessary documents.
Important Dates
- March 31: end of the first quarter
- June 30: end of the second quarter
- September 30: end of the third quarter
- December 31: end of the fourth quarter
Sources
What to do next
Source: gov.uk