Making Tax Digital Explained for UK Landlords – What You MUST Know!
Making Tax Digital (MTD) for Income Tax is one of the biggest changes to the UK tax system in years — and it will soon be mandatory for landlords and self-employed individuals having income exceeding the threshold (mentioned below).
In this video, we explain what Making Tax Digital means specifically for UK landlords, when it will apply to you, and what you need to do to stay compliant with HMRC rules.
What is Making Tax Digital (MTD)?
MTD is a government initiative that requires landlords and businesses to keep digital records and submit updates to HMRC every quarter, instead of filing one tax return per year.
Who does it apply to?
MTD for Income Tax will affect landlords with a total income (from property and/or self-employment) of:
• Over £50,000 from April 2026
• £30,000 to £50,000 from April 2027
• £20,000 to £30,000 from April 2028
Income from PAYE, savings, dividends, or partnerships is not counted toward the MTD threshold.
Why this matters:
Many landlords are still unaware of how MTD will change the way they report rental income. Missing deadlines or not using compliant software could lead to penalties. This video is your essential guide to understanding and preparing for MTD.
In this video, we cover:
✅ 00:00 Introduction: Making Tax Digital
✅ 00:39 MTD Timeline
✅ 01:25 MTD steps for landlords
✅ 02:47 Self-assessment v MTD
✅ 03:41 MTD penalties
#MakingTaxDigital #MTDITSA #HMRC #UKTax #TaxUpdate #TaxCompliance #Landlords #PropertyOwners #SoleTraders #SelfEmployed #UKBusiness #TaxAdvice #DigitalTax #RentalBux
Видео Making Tax Digital Explained for UK Landlords – What You MUST Know! канала RentalBux
In this video, we explain what Making Tax Digital means specifically for UK landlords, when it will apply to you, and what you need to do to stay compliant with HMRC rules.
What is Making Tax Digital (MTD)?
MTD is a government initiative that requires landlords and businesses to keep digital records and submit updates to HMRC every quarter, instead of filing one tax return per year.
Who does it apply to?
MTD for Income Tax will affect landlords with a total income (from property and/or self-employment) of:
• Over £50,000 from April 2026
• £30,000 to £50,000 from April 2027
• £20,000 to £30,000 from April 2028
Income from PAYE, savings, dividends, or partnerships is not counted toward the MTD threshold.
Why this matters:
Many landlords are still unaware of how MTD will change the way they report rental income. Missing deadlines or not using compliant software could lead to penalties. This video is your essential guide to understanding and preparing for MTD.
In this video, we cover:
✅ 00:00 Introduction: Making Tax Digital
✅ 00:39 MTD Timeline
✅ 01:25 MTD steps for landlords
✅ 02:47 Self-assessment v MTD
✅ 03:41 MTD penalties
#MakingTaxDigital #MTDITSA #HMRC #UKTax #TaxUpdate #TaxCompliance #Landlords #PropertyOwners #SoleTraders #SelfEmployed #UKBusiness #TaxAdvice #DigitalTax #RentalBux
Видео Making Tax Digital Explained for UK Landlords – What You MUST Know! канала RentalBux
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24 сентября 2025 г. 17:00:39
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