MTD benefits for landlords
The most significant change that landlords will see under MTD is the regularity of financial reporting. The MTD rules for ITSA will become compulsory for all landlords whose total income from property is over £50,000 from 6th April 2026. The threshold will reduce to £30,000 in April 2027. UK landlords need to complete and file a Self Assessment tax return and the SA105 supplementary page to report their taxable UK rental income To get ready for Making Tax Digital, you need to start using accounting software and keeping digital records. Making Tax Digital (MTD) can make life easier for landlords in several ways:
Digital Records
MTD requires landlords to keep digital records of their income and expenses. This can make it easier to track and manage financial information, reducing the risk of errors and making tax time less stressful.
Quarterly Updates
Landlords must provide HMRC with quarterly updates using software. This can help landlords stay on top of their tax obligations and avoid the last-minute rush to gather information for a yearly tax return.
Visibility into Finances
Because records are digital, landlords get improved visibility into their finances. This can empower better decision-making and the ability to spot problems before they arise.
End of Period Statement (EOPS)
By January 31, following the end of the tax year, landlords must use software to provide HMRC with an EOPS. This will detail their property income and allowable expenses.
Final Declaration of All Income
Landlords must use software to provide HMRC with a final declaration of all their income. If landlords have any income from a sole trader business then this will need to be included too.
How our Mobile App can help you ?
Our mobile app is designed to make the process of Self Assessment tax easy and hassle-free for landlords. You can access and use our application on your smartphone, just as easily as you would on a desktop. The mobile functionality allows you to use our application on-the-go, providing convenience and flexibility. Whether you’re commuting, traveling, or just away from your desk, our application is right there with you. Enjoy the full range of features and capabilities of our application. It’s all about making your life easier and more efficient. With our app, you can :
Quickly and easily file your ITSA return online.
Get real-time updates on the status of your tax return.
Receive reminders and notifications about important deadlines.
Access expert advice and support from our team of tax professionals.
File your taxes online with all the right features
Being successful by helping our clients achieve their goals is our prime objective. Thus our product provides the following features to remain pro-active in developing solutions and delivering a quality client experience.
MTD on Mobile
Just on the click of a button you can submit tax returns online directly to HMRC with confidence using your phone.
HMRC Compliance
We stand behind our always up to date calculations and 100% accuracy guarantee all in compliance with HMRC.
User friendly Platform
Our mobile software holds you by the hand guiding you step by step through the process, so you don't have to be a tax expert to use it.
Data Security
We take the security of your personal and financial information seriously, so you can rest assured that your data is safe with us.
What you need to start filing your taxes
It's as easy as 1-2-3
1. Install the MTD Mobile SA App
On the Play store/Apple app store. Login Or Create a new account if it's your first time. Check your e-mail for an account activation mail with a link from us and activate your account. We are excited you chose us!
2. HMRC MTD SA authorisation
Activate the HMRC MTD SA account at our system to complete the grant authorisation process. Landlords should enter details about themselves and the property which they possess. We will guide you through the rest.
3. Submit your tax Return
You can retrieve MTD SA return details report from HMRC. We will notify you once HMRC accepts your return. The SA returns details reports provides information about the amount you have paid to HMRC in the form of tax from HMRC.
GET THE APP
Download the app in few simple steps to avail the features. Self Assessment is committed to protecting and respecting your privacy, and we’ll only use your personal information to administer your account and to provide the products and services you requested from us. We believe in being open, honest and fair in all our dealings with people and want to serve as a reliable key point of help for your tax affairs.
Still got Questions ?
GET IN TOUCH
We’d like to hear from you. Here’s how to contact us and details of our office locations.
Office Location
Unit 101, China House 401 Edgware Road London, NW2 6GY, UK
Phone Number
+44 20 3191 6651
Email Address
contact@selfassessment.com
support@selfassessment.com