Making Tax Digital For Landlords

May 15, 2023 ⚊ 1 Min read ⚊ Views 58 ⚊ FINANCE

Making Tax Digital (MTD) is a UK government initiative aimed at digitizing the tax system. It affects landlords by requiring them to use compatible software to keep digital records and submit their tax returns online. Compliance is essential to avoid penalties and ensure accurate reporting.

Read details: https://doshiaccountants.co.uk/post/how-mtd-itsa-is-revolutionising-landlord-tax-reporting

Tags: Making Tax Digital

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∎ − MTD ITSA (Making Tax Digital for Income Tax Self-Assessment) is spearheading a significant transformation in the way landlords report their taxes, revolutionizing the entire process.....

∎ − Individuals with business and rental income over £10,000 per annum will need to make quarterly report under MTD ITSA (Making Tax Digital for Income Tax....

∎ − From 6 April 2024 landlords and Self-employed businesses with annual income above £10,000 will require to follow the regulations for MTD for ITSA. Making Tax....