Making Tax Digital goes live on 6th April – Are you ready!? πŸ“Š

Making Tax Digital goes live on 6th April – Are you ready!? πŸ“Š

Making Tax Digital (MTD) for Income Tax goes live on 6 April 2026 ⏰. 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 you’re a landlord in Gravesham or the surrounding areas, this could affect how you keep records and report your income to HMRC going forward.  Let’s break it down in plain English πŸ‘‡

 
What Is Making Tax Digital? πŸ€”

From 6 April 2026, sole traders and landlords with qualifying income over Β£50,000 (based on the 2024–25 tax year) will need to:
β€’ Keep digital records of income and expenses
β€’ Use HMRC-recognised software πŸ’»
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? πŸ 

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 βœ…

To avoid a stressful rush closer to the deadline, we’d strongly recommend:
β€’ Confirm whether your income meets the Β£50,000 threshold
β€’ Research and choose MTD-compatible software πŸ’»
β€’ Sign up for Making Tax Digital via GOV.UK
β€’ Speak to your accountant or tax adviser if you use one πŸ“ž

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 πŸ€

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, it’s another reminder that running a rental property is becoming more regulated and more admin-heavy.

If you’re 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.


πŸ“ž Got a question straight away? Contact our team - we're here and ready to help!

πŸ“ M&M Estate Agents, Gravesend, DA12 1AH
πŸ“ž 01474 321957
πŸ“§ lettings@mandmprop.co.uk


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