Making Tax Digital goes live on 6th April β Are you ready!? π
Making Tax Digital (MTD) for Income Tax goes live on 6 April 2026 β°. Now is the time to check whether the new rules apply to you and start getting prepared
Making Tax Digital (MTD) for Income Tax goes live on 6 April 2026 β°. If youβre a landlord in Gravesham or the surrounding areas, this could affect how you keep records and report your income to HMRC going forward. Letβs break it down in plain English π
What Is Making Tax Digital? π€
From 6 April 2026, sole traders and landlords with qualifying income over Β£50,000 (based on the 2024β25 tax year) will need to:
β’ Keep digital records of income and expenses
β’ Use HMRC-recognised software π»
β’ Submit quarterly updates to HMRC
β’ Still complete an annual tax return
Basically, HMRC wants more frequent, digital reporting and less paper, spreadsheets, and last-minute scrambling.
Does This Apply to You? π
If your rental or business income is over Β£50,000, these rules are very likely to apply. Many landlords (those with multiple properties ) in and around Gravesham will fall into this bracket.
What You Should Do Now β
To avoid a stressful rush closer to the deadline, weβd strongly recommend:
β’ Confirm whether your income meets the Β£50,000 threshold
β’ Research and choose MTD-compatible software π»
β’ Sign up for Making Tax Digital via GOV.UK
β’ Speak to your accountant or tax adviser if you use one π
Getting set up early will make the transition much smoother β and help you avoid any nasty surprises later on.
What This Means for Gravesham Landlords π€
The direction of travel is clear: more digital, more frequent reporting, and less room for error. While this is mainly a tax and accounting change, itβs another reminder that running a rental property is becoming more regulated and more admin-heavy.
If youβre unsure how MTD fits into the bigger picture of managing your property portfolio, or you want to sanity-check your plans, speak to us at M&M. We work with landlords across Gravesend and the wider borough every day and can help point you in the right direction.
π Got a question straight away? Contact our team - we're here and ready to help!
π M&M Estate Agents, Gravesend, DA12 1AH
π 01474 321957
π§ lettings@mandmprop.co.uk
