Smith told The Sun's TV Magazine he is currently on a break from the show making a film in Detroit, but will be back in costume during the summer to shoot the 2013 Christmas Special, before he starts work on Series Eight at the end of this year, or the start of 2014.
Smith has already completed work on the 50th Anniversary episode due to be show in the the Autumn.
The actor told the magazine he understood all the speculation over his departure.
People are always going to ask because they care about the show. But I take it year by year. And this year is going to be the biggest one in the show’s history.The climax of Series Seven can been seen this weekend in the UK, North America and Australia.
Update 1st June: the BBC have since announced in a press release that Matt Smith would leave the show after the Christmas Special.