Making Tax Digital
HMRC have been working towards bringing in Making Tax Digital for almost ten years now and it is almost with us at last.
Individual landlords with gross rental income over £50,000 will need to submit quarterly submission of their income and expenses from April 2026. The threshold drops to £30,000 from April 2027 and now chancellor Rachel Reeves has confirmed it will be £20,000 from April 2028.
Our team have already started working with clients to implement digital software to ensure that they comply with the incoming rules.
MTD is not just an obligation however. It offers a chance to revolutionise the way landlords keep their records and report on their finances. Working with leading software providers like Hammock and Xero means that our team can help implement and tailor software to meet your every need.