MTD for IT: Key Dates for Your Rental Business

Making Tax Digital for Income Tax (MTD for IT) is rolling out in stages, and landlords must be aware of important deadlines to ensure readiness. Missing key dates could lead to penalties, so it’s essential to prepare in advance.

This guide outlines the most important MTD for IT dates, including sign-up deadlines, quarterly submission due dates, and final reporting deadlines.

MTD for IT Key Dates

MTD For IT Begins: April 6, 2026 (£50,000 threshold)

• MTD for IT officially begins for landlords earning £50,000+ per year from rental income.
• You must start keeping digital records and submitting quarterly updates using MTD-recognised software.

MTD For IT Expands: April 6, 2027 (£30,000 threshold)

• MTD for IT expands to landlords and individuals earning £30,000+ per year.
• If you fall into this category, you must sign up and start quarterly reporting from this date.

MTD for IT Expands: April 2028 (£20,000 threshold)

Sole traders and landlords with a total annual income above £20,000 need to use MTD for IT compatible software to keep digital records and file returns.

You can sign up for MTD for IT on the government website.

Quarterly Submission Deadlines

Once enrolled, landlords must submit four quarterly updates per tax year:

These quarterly reports provide a summary of income and expenses for the period. No tax is due at this stage—these are just informational updates to HMRC.

Final Declaration: January 31 (Following the Tax Year)

• Final Declaration (Replaces Self Assessment Tax Return)
• After the last quarter, you must submit a Final Declaration.
• This confirms your total income, expenses, and tax due for the year.

What Should Landlords Do Now?

1. Check if you meet the £50,000+ income threshold (or £30,000 for 2027).
2. Sign up for MTD for IT early to avoid last-minute issues.
3. Choose a digital record-keeping software like Landlord Studio.
4. Set reminders for quarterly submissions and annual deadlines to prevent penalties.

Final Thoughts

Staying on top of MTD for IT deadlines is crucial for avoiding fines. By planning ahead and using MTD-recognised software, landlords can ensure they stay organised, track income efficiently, and submit tax reports on time.

In the next article, we’ll explore MTD exemptions—who qualifies and how to apply.