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Quarterly Submissions
Instead of a single annual tax return, landlords will need to:
• Submit quarterly updates of income and expenses through HMRC-recognised software
• Stay on top of tax obligations throughout the year
Year-End Declaration
At the end of each tax year, a final digital declaration will be required to confirm your overall income and tax owed – replacing the traditional Self Assessment return.
• From April 2026, landlords with annual property and/or self-employed income over £50,000 must comply.
• From April 2027, the threshold lowers to £30,000.
• Further dates for those below £30,000 are yet to be confirmed.
Making the switch early has many advantages:
• Improved accuracy – Fewer manual mistakes
• Greater efficiency – Less admin, more automation
• Real-time insights – Clear view of your financial position all year round
HMRC-compliant software is essential for MTD. Our in-house tools are fully compatible, or we can help you choose a trusted third-party solution.
💡 Tip: Switching early means you have time to learn the system and ensure compliance before it becomes mandatory.
Start reviewing your financial records:
• Ensure all income and expense data is accurate and digital
• Maintain clear records that align with HMRC’s requirements
Quarterly reporting is a shift from traditional annual tax submissions. Make sure you:
• Know the reporting deadlines
• Understand what data needs to be submitted
• Set calendar reminders to stay on track
Working with tax experts can simplify the entire process. We can:
• Submit your quarterly updates on your behalf
• Help you select and set up digital tools
• Ensure your records are always HMRC-compliant
Thandi Nicholls Ltd
Creative Industries Centre
Glaisher Drive
Wolverhampton
West Midlands
WV10 9TG
UKLandlordTax.co.uk is the trading name of Thandi Nicholls Ltd Accountants Registered Office: Creative Industries Centre, Glaisher Drive, Wolverhampton WV10 9TG.
Registered in England. Company Number 7319439. Director S S Thandi BA
