What is MTD-compliant software?

MTD-compliant software is digital accounting software that allows you to keep digital records of your income and expenses and to submit quarterly updates directly to HMRC, as required by MTD rules.

How often do I need to submit updates under MTD?

Under MTD for ITSA, you will need to submit summary updates of your income and expenses to HMRC every three months (quarterly).

Can I still use spreadsheets for my landlord accounts?

You can continue to use spreadsheets to record your transactions, but they must be digitally linked to MTD-compliant software to submit your quarterly updates to HMRC. An accountant can help set this up.

Making Tax Digital for landlords

Book Making Tax Digital for landlords

This service provides expert guidance and practical support for landlords navigating Making Tax Digital. An accountant will set up compliant software, explain quarterly reporting requirements, and ensure you meet HMRC deadlines seamlessly.

When do you need a Making Tax Digital for landlords?

Making Tax Digital for Income Tax Self Assessment (ITSA) will become mandatory for most self-employed individuals and landlords with income over £10,000 from April 2026. This service is needed before your MTD start date.

What happens on the day

This service is typically conducted remotely. An accountant will connect with you via phone or video call to understand your rental income and expenses, set up your MTD software, and guide you through the process.

How to prepare

Gather records of your rental income and expenses.
Have your HMRC login details ready.
Be prepared to discuss your current accounting practices.
List any specific questions you have about MTD.
Ensure you have a reliable internet connection for remote calls.

How to improve your result

Keep meticulous records of all income and expenses.
Submit your quarterly updates promptly to avoid last-minute stress.
Attend any offered training sessions on MTD software.
Review your property portfolio annually for tax efficiency.

Why it is useful day to day

Compliance with Making Tax Digital becomes straightforward, reducing stress and ensuring you meet legal obligations without error, freeing up your time.

Why we ask these questions

We ask about your current accounting methods and number of properties to assess the complexity of your MTD setup. Your current tax situation helps the accountant tailor advice to your specific needs.