Making Tax Digital for Landlords What You Need to Know

A major change to tax reporting is now underway, and many landlords will soon be required to keep digital records and submit regular updates to HMRC under the government's Making Tax Digital (MTD) programme.

The changes are being introduced in phases, starting from April 2026 for landlords with qualifying income over £50,000. The threshold then reduces to £30,000 in April 2027 and £20,000 in April 2028. 

Under the new system, affected landlords must maintain digital financial records and use HMRC-compatible software to submit quarterly updates, replacing much of the traditional annual Self-Assessment process.

It is therefore important that landlords take ownership of their tax reporting obligations and seek professional advice where required.

If you own rental property, now is the time to establish whether the new rules apply to you and ensure you have suitable systems in place before your compliance date arrives.

As always, we will continue to provide the rental statements and information relating to your property, but responsibility for tax reporting and compliance remains with the landlord.

If in doubt, we recommend speaking to your accountant or tax adviser as soon as possible.