MTD for IT requires landlords to complete two different kinds of reporting: quarterly updates during the tax year and a Final Declaration after the year ends. They are not the same submission, and they do not require the same information. Quarterly updates are cumulative summaries drawn from the digital records for the taxpayer’s MTD income…
For landlords who started using Making Tax Digital for Income Tax in April 2026, the first quarterly update is now behind them. The next deadline is 7th November 2026. The second update should feel more familiar. However, it is not simply a repeat of the first submission. It is an opportunity to review the digital…
For many landlords, “digital record-keeping” still sounds like one of those vague compliance phrases that HMRC likes to use without fully explaining. You may have seen references to spreadsheets, scanned receipts, quarterly updates and digital links — and wondered what actually applies to you. With Making Tax Digital for Income Tax (MTD for IT) approaching,…
Making Tax Digital for Income Tax (MTD for IT) represents the biggest change to how landlords and self-employed individuals report income to HMRC in decades. Instead of submitting one Self Assessment tax return each year, landlords within scope of MTD for IT will follow a new digital reporting cycle, built around quarterly updates and a…
Making Tax Digital for Income Tax (MTD) might have felt a bit distant over the past few months. That changes now. On 6th April 2026, MTD for Income (MTD for IT) becomes mandatory for a large number of UK landlords. If you currently complete a Self Assessment tax return for rental income, this represents one…
What is Making Tax Digital? Making Tax Digital (MTD) is a UK government initiative to modernize the tax system by moving it online. It was first announced in 2015 as part of a plan to end traditional yearly tax returns and make tax administration more effective, efficient, and simpler for taxpayers . In simple terms,…
Keeping good records is important for every landlord. It helps you track rent payments, expenses, repairs, and your profit. With Making Tax Digital (MTD) for Income Tax, spreadsheets won’t be enough – only approved software can maintain and submit these records. Eligibility calculator Use our handy calculator to check when you will become eligible for…
With Making Tax Digital for Income Tax (MTD for ITSA) starting from April 2026, many landlords are wondering if they must open a separate bank account for their rental income. Is a separate bank account required? No, HMRC does not require landlords to have a dedicated bank account for MTD. You can continue to receive…
LandlordMTD has been established as the go-to community resource for MTD for landlords with tips and new.