This content is general information only and is not advice. Please contact us to discuss your specific circumstances.
What is changing
Landlords within scope keep digital records using compatible software and send quarterly updates to HMRC, followed by a final declaration after the tax year.
Making Tax Digital does not remove the Self Assessment requirement. Landlords affected will still need to file a Self Assessment return.
Who is affected
Whether you are affected depends on your qualifying income from property and self-employment, measured against thresholds and start dates set by HMRC.
Preparing early
Practical steps include:
- Confirming whether you are within scope
- Choosing suitable software
- Setting up a simple routine for recording income and expenses