Landlords have been encouraged to sign up to HMRC’s testing programme, with less than a year to go until those earning more than £50,000 need to use Making Tax Digital (MTD) for Income Tax.
Landlords will have to use the new Making Tax Digital for Income Tax Self-Assessment system, the Chancellor has confirmed.
Landlords earning more than £20,000 will have to use the Making Tax Digital for Income Tax Self-Assessment by the end of the current Parliament.
More landlords can now try out Making Tax Digital (MTD) for Income Tax after HMRC paused the pilot last February.
Landlords will have to fork out an extra £460 to use the new Making Tax Digital for Income Tax Self-Assessment system.
Only landlords with property incomes over £30,000 will now need to comply with HMRC's looming https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital" target="_blank" Making Tax Digital (MTD) https://www
