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.

For more information:

https://www.gov.uk/government/publications/making-tax-digital