Making Tax Digital for Income Tax
Making Tax Digital for Income Tax is coming
From April 2026, many landlords will see a major change in how they report rental income to HMRC. Making Tax Digital (MTD) for Income Tax will replace the traditional annual Self-Assessment process for landlords, sole traders and the self-employed with qualifying income over £50,000. Lower thresholds will follow in April 2027 and April 2028.
Under MTD for Income Tax, those impacted will be required to:
- Keep digital records of income and expenses
- Submit quarterly updates to HMRC using approved MTD compatible software
- Complete an end of year Final Declaration, replacing the traditional Self-Assessment
tax return
For landlords with multiple properties, joint ownership arrangements or more complex
expenses, this represents a significant shift in both workload and approach. Choosing the right software - and setting it up correctly - will be critical to ensuring compliance.
Why work with Azets
Azets is the UK’s number one adviser for MTD for Income Tax, trusted by thousands of clients, and offer specialist support tailored to landlords. They work extensively with
landlords and understand the complexities that property ownership introduces.
Azets partnered with HMRC, Xero and clients in the Beta phase of MTD for Income Tax to understand the changes and navigate them efficiently. Their market leading and customisable MTD solutions keep you compliant, simplify software adoption and help you
use digital tools confidently to make better, informed business decisions with expert ongoing support.
Peter Moore, Archer Bassett’s Managing Director, commented:
“We worked with Azets during the MTD for Income Tax Beta phase and they made a potentially daunting change feel straightforward and manageable. The team were professional, friendly and incredibly supportive throughout, taking the time to explain what was required and guiding us step by step through the process. The technology was simple to use, and having Azets on hand for advice and reassurance gave us real confidence that everything was set up correctly. What could have been complex was made clear, efficient and stress free. We now feel well prepared for MTD.”
Azets is here to help
If you’re a landlord and unsure how MTD for Income Tax will affect you, speak to their specialists today to put the right support in place well ahead of the deadline.