Making Tax Digital for Income Tax · update 2 due 7 November 2026
Turn your bank CSV into the totals for your 7 November MTD update.
For sole traders and landlords who keep their own records. Drop in a bank export, check the categories, and leave with cumulative totals in HMRC's categories plus a linked workbook your bridging software can read. Nothing is uploaded.
Update 2 due Sat 7 Nov 2026. It covers 6 April to 5 October.
Signed up by HMRC in September and starting from nothing? One export from 6 April brings you up to date, because the updates are cumulative.
Not tax advice. Checked against GOV.UK on 15 October 2026. 14-day no-questions refund.
Where you stand
What GOV.UK says about this quarter
- Who is in now. Sole traders and landlords whose qualifying income (self-employment plus property turnover, before expenses) was over £50,000 in 2024 to 2025 should have started on 6 April 2026. Over £30,000 in 2025 to 2026 starts April 2027; over £20,000 in 2026 to 2027 starts April 2028.
- Update 2 deadline: 7 November 2026. Standard periods cover 6 April to 5 October. Calendar periods cover 1 April to 30 September. The deadline is the same.
- Updates are cumulative. Each one runs from the start of the tax year, so update 2 also covers what update 1 should have.
- No penalty points for late updates in 2026 to 2027. You still need to send them before you can file your tax return.
- HMRC is signing people up. From September 2026 HMRC started signing up people who need to use MTD and had not signed themselves up. If that's you, the 7 November update is your first, and it covers everything from 6 April.
Sources: GOV.UK Find out if and when you need to use MTD for Income Tax (updated 26 March 2026); Send quarterly updates; Sign up your business for MTD for Income Tax. All checked 15 October 2026.
Spreadsheets are still allowed
GOV.UK lists "linked cells in spreadsheets" and "CSV importing and exporting" as valid digital links, and describes bridging software as software that connects to records kept in spreadsheets and makes your submissions.
What you can't do is copy and paste figures between products once a record has been sent. This kit gives you a workbook whose totals are formulas over your transactions, so the link is built in.
Source: GOV.UK Create digital records; Choose the right software for MTD for Income Tax (updated 13 July 2026).
Free preview
See how your own file sorts
The preview shows the first 20 transactions in the period and the category each one lands in. The kit adds every row, editable categories, the totals and the workbook.
Drop your bank CSV here or
Your file is read by this page in your browser. It is not uploaded anywhere.
How it works
Four steps, about 20 minutes
Export
Download a CSV from your business bank account from 6 April 2026 to today.
Check
The tool sorts each line into HMRC's categories. Fix anything flagged for review.
Download
Get the workbook: transactions on one sheet, SUMIFS totals per category on the other.
Submit
Connect bridging software to the totals sheet and send update 2 by 7 November.
Worked example
One invented electrician, one bank export
This is the real output of the tool on the sample file. Use the button in the preview above to run it yourself.
Input: a Lloyds-style CSV export
An invented sole-trader electrician near Salisbury. 123 transactions from 1 April to 14 October 2026. Download the sample CSV.
| Date | Description | Amount | Category given |
|---|---|---|---|
| 2026-04-06 | CEF CITY ELECTRICAL SALISBURY | -£215.05 | Cost of goods bought for resale or goods used |
| 2026-04-07 | OAKFIELD LETTINGS LTD INV1133 | £1,640.00 | Turnover (takings, fees, sales) |
| 2026-04-08 | BRIGHTWELL DENTAL INV1049 | £180.00 | Turnover (takings, fees, sales) |
| 2026-04-09 | SCREWFIX DIRECT | -£19.53 | Cost of goods bought for resale or goods used |
| 2026-04-12 | SIMPLY BUSINESS INSURANCE | -£41.17 | Rent, rates, power and insurance costs |
| 2026-04-13 | BRIGHTWELL DENTAL INV1055 | £1,640.00 | Turnover (takings, fees, sales) |
| 2026-04-13 | CEF CITY ELECTRICAL SALISBURY | -£51.49 | Cost of goods bought for resale or goods used |
| 2026-04-15 | XERO UK SUBSCRIPTION | -£16.80 | Phone, fax, stationery and other office costs |
Output: cumulative totals, 6 April to 5 October 2026
118 transactions in the period, 5 outside it. 2 flagged for review (a Nando's bill and an Amazon order: personal or business is your call).
| Category | Box | Items | Total |
|---|---|---|---|
| Turnover (takings, fees, sales) | 15 | 30 | £18,275.00 |
| Other business income | 16 | 0 | £0.00 |
| Cost of goods bought for resale or goods used | 17 | 26 | £3,381.55 |
| Car, van and travel expenses | 20 | 22 | £1,398.57 |
| Rent, rates, power and insurance costs | 21 | 6 | £247.02 |
| Phone, fax, stationery and other office costs | 23 | 12 | £292.80 |
| Advertising costs | 24 | 6 | £432.00 |
| Bank, credit card and other financial charges | 26 | 6 | £51.00 |
| Accountancy, legal and other professional fees | 28 | 1 | £240.00 |
| Not business: transfer, personal or tax payment | 7 | £5,440.00 | |
| Needs your review | 2 | £92.84 | |
| Total income | £18,275.00 | ||
| Total expenses | £6,042.94 |
The £5,440 of transfers includes a £1,840 HMRC Self Assessment payment and monthly transfers to savings. Neither is a business expense, so neither is in a total.
Price
£39, once
One payment, no subscription. The kit stays usable for update 3 (due 7 February 2027) and update 4 (due 7 May 2027): run it again on a longer export.
Payment by card through Stripe. After paying you go straight to the kit page. Save its address: that is your access. If you lose it, email chris@gptshopltd.com with your receipt.
MTD Q2 catch-up kit
- The full tool: every transaction, editable categories, self-employment or UK property
- Cumulative totals per HMRC category with box numbers
- Linked .xlsx workbook (SUMIFS formulas over your transactions)
- Step-by-step guide: sign-up check, choosing bridging software, linking, submitting
- Email help with file formats from Chris
14-day refund, no questions asked: email chris@gptshopltd.com within 14 days of buying.
No bookkeeping, no filing on your behalf, no tax advice. Try the free preview on your own CSV before you pay: it uses the same file reader.
Questions
Before you buy
Does this file my update with HMRC?
No. The kit gives you the cumulative category totals and a linked workbook. You send the update through HMRC-recognised software. If you keep spreadsheets, that is usually bridging software, which reads your sheet and submits it. HMRC lists recognised products in its software finder, where you can filter for ones that work with spreadsheets. The guide walks you through choosing and connecting one.
Free templates exist. Why pay?
A free template gives you the columns, and then you sort every bank line into a category by hand. This kit reads your bank export, sorts each line into HMRC's categories for you, flags the lines it isn't sure about, and builds the formula totals. It runs in your browser with no account. If you'd rather sort by hand, a free template will do the job.
Can I get a refund?
Yes. If you're not happy for any reason, email chris@gptshopltd.com within 14 days of buying for a full refund. No questions asked.
Is my bank data uploaded?
No. The page reads your CSV with your browser's FileReader and does all the sums on your device. The page's security policy only allows it to talk to tools.gptshopltd.com, and the tool sends nothing there. You can load the page, switch off Wi-Fi and it still works.
Missed the 7 August update, or HMRC signed you up in September?
You are not too late. Each update is cumulative. GOV.UK says the 7 November update covers 6 April to 5 October, so one update brings you up to date. HMRC also says it will not apply penalty points for late quarterly updates in the 2026 to 2027 tax year. Penalties still apply to late tax returns and late payment.
Which banks work?
Any bank that exports CSV with a date, a description and either one amount column or separate paid in and paid out columns. That covers the usual exports from Lloyds, NatWest, Barclays, HSBC, Monzo and Starling. If your headers are unusual, rename them Date, Description, Amount and it will read the file. Still stuck? Email chris@gptshopltd.com with the column headers (not the data). The free preview uses the same reader as the paid kit.
How accurate is the categorising?
It matches common UK payees by keyword, for example Screwfix to cost of goods and Vodafone to office costs. Anything it can't place goes to Needs your review and stays out of the totals. You check and change every category before you download. You are responsible for the figures you send.
Who you deal with
Chris Elder, founder
I built this because the 7 November update is the first one many people will actually send, and most of the effort is sorting a bank export. The kit does that part on your own computer.
- Ex-Amazon. Built and led 3P Grocery operations globally.
- Former British Army officer, Royal Logistic Corps.
- GPT Shop Ltd, a UK limited company, no. 15766335. You email me directly at chris@gptshopltd.com.