1 month ago | 9 comments
Hello, As an informative. I’m 73 and (hand) wrote a letter (a bit scrawly on unlined paper!) to HMRC. I mentioned my age, that my memory was not so good, I’m a bit doddery on my feet and not au fait with software although I can manage a basic spread sheet.
I also said I had tried some free MTD (Making Tax Digital) software (xero) but it was completely incomprehensible to me. I am retiring soon and plan to sell my properties in the nearish future.
I received a letter after about 3 weeks granting me exemption.
There is nothing I can find that mentions a specific age “limit” and it will be judged along with your other “handicaps”.
Embellish or not as you see fit! I hope that helps a few people.
Thank you,
G
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Member Since October 2024 - Comments: 22
1:30 PM, 12th March 2026, About 4 weeks ago
Reply to the comment left by Martin Hicks at 12/03/2026 – 10:18
We will never know what hmrc thought but I simply tried to list as many reasons as possible.
Member Since October 2024 - Comments: 22
1:34 PM, 12th March 2026, About 4 weeks ago
Reply to the comment left by Dennis Forrest at 12/03/2026 – 11:55
You will be exempt for 26/27 but not for 27/28 so I’d suggest writing the letter.
Member Since September 2025 - Comments: 27
1:50 PM, 12th March 2026, About 4 weeks ago
Reply to the comment left by LaLo at 12/03/2026 – 11:42
Well I’ve just received a letter from Hmrc which is in reply to my letter of the 2 nd of February 2023 about my mothers income tax ( she died in 2021) ….. they still can’t work it out!!!!!!
Member Since January 2016 - Comments: 235
6:33 AM, 13th March 2026, About 4 weeks ago
Reply to the comment left by Dennis Forrest at 12/03/2026 – 11:55
It’s £30k from 2027 so you’ll be caught I’m afraid
Member Since July 2017 - Comments: 463
7:23 AM, 13th March 2026, About 4 weeks ago
Reply to the comment left by Grumpy Doug at 13/03/2026 – 06:33
Thanks for the information, I am planning to sell one of them this July so hopefully might me ok for a bit longer.
Member Since January 2016 - Comments: 235
11:03 AM, 13th March 2026, About 4 weeks ago
Reply to the comment left by Dennis Forrest at 13/03/2026 – 07:23
Alas, it’s £20k from April 2028. Hopefully it will have all fallen apart by then. Minimise the hassle by using a simple Excel bridge (mytaxdigital, 123sheets etc), just shove in some provisional numbers for Q1-Q3, and then do your final numbers in Q4 as you would for your self assessment. I fully intend spending no more time on this nonsense than I would for my normal self assessment
Member Since July 2017 - Comments: 463
11:29 AM, 13th March 2026, About 4 weeks ago
Reply to the comment left by Grumpy Doug at 13/03/2026 – 11:03
Yes you’re right – I can use Excel – I’ll just make a good guess at the quarterly figures if needs be
Member Since January 2025 - Comments: 13
7:46 AM, 14th March 2026, About 4 weeks ago
Grumpy Doug – yes you’re right. A whole bunch of people will be making quarterly estimates, then doing the final full year as usual. My conversation with HMRC about a month ago was useful – they said we do 4 quarterlys plus one final. I called HMRC as I was getting no guidance from my accountant. Useful info from HMRC in case you need it:
– Quarterly submissions must be accompanied by receipts/invoices.
– Accountant needs to log receipts/ and invoices on HMRC software/portal.
– Quarterly submissions are cumulative.
– Penalties for late submission will operate on a ‘points’ system. Similar to points on your driving licence: a certain number of points equals a fine.
– Submission dates:
Quarter 1
6th April to 5th July
Report to HMRC by 7th August
Quarter 2
6th July to 5th October
Report to HMRC by 7th November
Quarter 3
6th October to 5th January
Report to HMRC by 7th February
Quarter 4
6th January to 5th April
Report to HMRC by 7th May
Final annual accounts:
Report to HMRC by 31st January the following year, as it already is.
Member Since July 2017 - Comments: 463
9:16 AM, 14th March 2026, About 4 weeks ago
To me this is obvious where this is going. How long before they bring in quarterly tax payments within 30 days? Just like quarterly VAT returns for most people.
Member Since March 2026 - Comments: 1
8:57 PM, 16th March 2026, About 4 weeks ago
Reply to the comment left by GH at 14/03/2026 – 07:46
You don’t have to submit receipts you just need to keep them in case they do a check. Don’t need to scan them either. It’s similar to MTD for VAT, I’ll be using bridging software as I do now for VAT from an Excel spreadsheet.