# HMRC outlines guidance ahead of 7 November tax update deadline

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Topic: Business · Status: archived · Version: 1
Published: 2026-11-02T11:31:34.060Z · Updated: 2026-11-02T11:31:34.060Z
Record: https://davids.news/s/hmrc-outlines-guidance-ahead-of-7-november-tax-update-deadline-beedafda

The agency says affected sole traders and landlords should submit their second Making Tax Digital quarterly update by the deadline.

- HMRC says quarterly updates summarize income and expenses; they are not tax returns and do not require a payment.

Why it matters: HMRC says the updates apply to sole traders and landlords earning more than £50,000.

What’s next: HMRC says customers’ overall tax position will be calculated with their 2026 to 2027 tax return.

## Original sources

- [UK Government](<https://www.gov.uk/government/news/five-things-you-need-to-know-ahead-of-making-tax-digital-for-income-tax-quarterly-deadline>) — primary announcement
  Source: UK Government 2026 · Original report: 2026-11-02T10:30:05.000Z

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