📢 Landlords - Are you ready for ‘Making Tax Digital’?
⏳ Quarterly tax returns are coming? Are you prepared?
Starting April 2026, there will be significant changes ⚠️ to how some landlords report their tax to HMRC 🧾.
Starting April 2026, there will be significant changes ⚠️ to how some landlords report their tax to HMRC. These changes form part of the Government’s Making Tax Digital (MTD) programme, which is designed to modernise the tax system and move it towards more regular, digital reporting.
From April 2026, property owners earning over £50,000 per year in rental income will be required to submit quarterly updates to HMRC, rather than the traditional annual return. Further phases of MTD will follow 📆, affecting self-employed individuals earning £30,000 from April 2027, and £20,000 from April 2028.
A recent article in The Negotiator highlights a growing concern that many landlords are not yet prepared for these new requirements. Under MTD, landlords will need to keep digital records and submit income and expense summaries every three months using HMRC compatible software.
While these quarterly submissions are not full tax returns, they do represent a shift 🔄 in how landlords manage their financial records and reporting. For some, this may mean adopting new software, changing bookkeeping habits, or working more closely with an accountant 🤝.
Although we are not able to provide tax advice, it’s important that landlords are aware of these upcoming changes and begin preparing. Speaking with a qualified accountant or tax adviser can help you understand how MTD applies to your individual circumstances and what steps you may need to take to stay compliant ✅.
Being informed gives you time to plan and ensures a smoother transition when the rules come into force. If you think MTD may apply to you, we strongly encourage you to seek professional advice sooner rather than later.
For further information or support, our team is here to help 🤝.
Got a question straight away? Contact our team - we're here and ready to help.
📍 M&M Estate Agents, Gravesend, DA12 1AH
📞 01474 321957
📧 lettings@mandmprop.co.uk
