Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Government Defends Making Tax Digital for Landlords
The government has defended its Making Tax Digital (MTD) initiative for landlords, stating that it helps landlords stay on top of their tax affairs. According to a Parliamentary written answer from Exchequer Secretary to the Treasury, Dan Tomlinson, Making Tax Digital works well for businesses “of all types and sizes.”
Making Tax Digital for Income Tax will become compulsory in April 2026 for landlords and sole traders. The government’s position is that the scheme supports better tax management for those affected.
Letting agents and inventory clerks should be aware of the upcoming changes, as landlords will be required to comply with the new digital tax reporting requirements from April 2026.
Source: Property118