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Many landlords across the UK are starting to hear more about Making Tax Digital (MTD) and how it may affect the way rental income is reported.
Making Tax Digital (MTD) will require the more lucrative rentiers to maintain digital records and provide updates to HMRC on a more frequent basis than just on the traditional annual returns.
For many landlords this will mean:
• Keeping digital records of income and expenses
• Quarterly updates to HMRC
• Tracking property related costs more carefully
• Using suitable accounting software
Although April 2026 may still seem some time away, many landlords are already starting to review how their records are kept so the transition is smoother when the rules apply.
At MHC & Co Chartered Accountants, we speak with landlords from different parts of the UK who want to understand what these changes might mean in practice.
If your rental income is around or above £50,000, it may be sensible to review your current record-keeping and see whether any adjustments might be needed.
📞 0333 789 1010
📧 infoMHC And CO.co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
Speak to a Chartered Accountant today.
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