LANDLOIRDS - Making Property Income Tax Digital from April 26
LANDLORDS are you ready for Making Tax Digital (MTD) from April 26 ?
If your Property Income (plus Self Employed Income if applicable) is:
£50,000 for the 2024 to 2025 tax year, you will need to use MTD Software from 6 April 2026
£30,000 for the 2025 to 2026 tax year, you will need to use MTD software from 6 April 2027
The MTD software is HMRC-approved digital accounting software to allow Real Time Bank Source Income Data to be sent directly to HMRC every quarter and removes the need for manual record-keeping.
Payprop, used by Clarkes Estate Agents is the UK's leading most advanced Rent Payment Processing platform. Clarkes can provide our Managed Property Landlords with Quarterly Statements of Real Time Bank Source Data as and when needed.
CLARKES ESTATE AGENTS ARE LANDLORDS TOO if you would like to discuss MTD with one of our Landlords please call 01202 533377 or email lettings@clarkesproperties.co.uk
