Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Landlords Unaware of Making Tax Digital Start Dates, Survey Finds
More than half of landlords who should be in Making Tax Digital do not believe they are, or do not know when they must join. Research by August, a property management platform, found the gap six months after the rules took effect for the highest earners.
The findings come from a survey of 276 landlords, which compared their understanding of Making Tax Digital against their obligations under the regime. According to Property118, more than half of those who should be within scope either did not believe the rules applied to them or were unable to say when they needed to join.
For letting agents and inventory clerks, the findings point to a client base that may be unclear on its compliance position. Landlords who are unsure whether they fall within Making Tax Digital, or when they are required to join, may need signposting to the correct guidance.
The survey covered 276 landlords. The source report did not include further detail on the survey methodology, the breakdown of responses, or the specific start dates involved.
Source: Property118