The Property Podcast Are you prepared for this huge tax change?
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Feb 26, 2026 A deep dive into how new digital tax rules will remake record keeping for landlords. The conversation covers who hits the income thresholds, how quarterly digital reporting works, and which records and software choices will keep you compliant. Practical steps to prepare now are clearly laid out.
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MTD Changes Annual Tax Filing Rhythm
- Making Tax Digital (MTD) replaces the annual self-assessment with mandatory quarterly digital updates for landlords and sole traders above thresholds.
- Quarterly submissions are due 7th after each quarter and a final annual declaration remains due by 31 January.
Check 2024–25 Gross Income Immediately
- Check your 2024–25 gross income now to know if you meet the £50,000 staging threshold for April 2026.
- Remember thresholds fall to £30,000 (2027) and £20,000 (2028) and once in MTD you cannot leave for three years.
Thresholds Use Gross Turnover Not Profit
- The qualifying figure is gross turnover, not profit, and combines property and self‑employment income.
- Two separate incomes under the threshold can still push you over when combined for MTD purposes.