26/03/2026
🚨 BIG TAX CHANGE FOR LANDLORDS 🚨
Are you ready for Making Tax Digital (MTD)?
From April 2026, HMRC is rolling out the biggest change to Self Assessment since 1997 - and it’s a game changer for the property sector.
👀 Here’s what you need to know:
✔️ If you earn £50,000+, you MUST switch to digital tax reporting
✔️ Keep digital records of income & expenses
✔️ Submit quarterly updates instead of one annual return
✔️ Use HMRC-compatible software
📅 Key deadline:
Your first reporting period runs 6 April - 5 July 2026, with submissions due by 7 August 2026.
⚠️ Good news:
No penalties for late quarterly updates in the first year (2026-27) while the system settles in.
⏳ But don’t wait…
Industry bodies warn time is running out to get compliant - and future penalties WILL apply.
💡 Bottom line:
This isn’t just a tax update - it’s a complete shift in how landlords report income.
👉 If you’re a landlord, now is the time to prepare.
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