Making Tax Digital is a shake up of the UK taxation system. This will impact all landlords when it is rolled out. In this ever popular (and recently updated) Making Tax Digital report we will explain what's changing and help you get up to speed on how to prepare for MTD.
The making tax digital report is for all landlords who pay income tax and don't have to pay VAT. MTD for VAT has already been rolled out, but MTD for income tax will be arriving in the next few years.
Most landlords who pay income tax will soon have to submit their tax returns quarterly using a digital system. Any landlords who want to understand and prepare for the changes can make good use of this free report.
The MTD report covers everything you need to know to prepare for the changes including but not limited to: