Checked against GOV.UK on 14 August 2026
7 November is the deadline for the second quarterly update of the tax year. Like every update, it is cumulative — it covers everything from the start of the tax year to the end of the period, not just the second quarter.
| Update periods you use | Period covered |
|---|---|
| Standard (accounting period ends 5 April) | 6 April to 5 October |
| Calendar (accounting period ends 31 March) | 1 April to 30 September |
Because updates are cumulative, this one restates the first quarter as well. If you got something wrong in the update you sent by 7 August, you fix the digital record and the November update carries the corrected total. You do not resend the August one.
Any time from the end of the update period to the deadline — and up to 10 days before the period ends, if you are sure no further transactions will be recorded.
For the 2026 to 2027 tax year, HMRC will not apply penalty points for late quarterly updates. You still have to send the update: you cannot submit your tax return until your quarterly updates are in. From the 2027 to 2028 tax year, a missed update deadline gives you one penalty point, and £200 is charged at four points.
I have missed an update → How the points work →
General information about UK tax rules, not tax advice. Your own circumstances and HMRC's official guidance govern your position. If you are unsure, speak to an accountant or contact HMRC. Tax rules change — if this page is more than a few months old, check the GOV.UK pages linked above. Found an error? Email hello@getaxionlabs.com and we will correct it.