Landlords must sign up to the government’s Making Tax Digital (MTD) scheme by April 2023. The MTD scheme will apply to all private landlords filing self-assessment returns for rental income totalling more than £10,000 a year.
The move is another step by HM Revenue & Customs towards getting all tax returns online. Businesses earning more than the VAT threshold of £85,000 must already file digital returns. In 2022 MTD will extend to all businesses registered for VAT, regardless of income.
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