Are You Ready for Making Tax Digital? Test Your Knowledge

The UK government’s Making Tax Digital (MTD) initiative is transforming the way landlords manage and report their rental income. Designed to modernise the tax system, MTD requires landlords to keep digital records and submit income updates more frequently through approved software rather than the traditional annual Self Assessment return.

For many landlords, this represents a major shift in how rental finances are tracked, reported, and managed. But how well do you really understand the upcoming changes, and are you ready to comply?

Take the Quiz: Test Your MTD Readiness

To help you assess your awareness and preparedness for these changes, we’ve created a short quiz with six quick questions. The quiz will test your knowledge of the MTD requirements, timelines, and what landlords need to do to get compliant.

Take the MTD Quiz

What is Making Tax Digital (MTD)?

MTD is HMRC’s initiative to make tax reporting more accurate, efficient, and easier to manage. Under the new rules, landlords with property income above the threshold will need to:

• Keep digital records of their income and expenses.
• Submit quarterly income updates via HMRC-recognised software (like Landlord Studio).
• File an end-of-year declaration.

The new rules will replace the annual Self Assessment process for affected landlords, with MTD for Income Tax (MTD for IT) due to come into effect in April 2026 for landlords earning more than £50,000 in gross income (and in April 2027 for those earning more than £30,000).

Why It Matters for Landlords

MTD is more than just a compliance requirement, it’s a chance to modernise your property management and accounting processes. By adopting digital record-keeping now, landlords can:

• Save time and reduce the risk of errors.
• Gain better visibility into rental income and expenses.
• Stay prepared for quarterly reporting without the last-minute scramble.
• Take advantage of automation tools to streamline admin.

How Landlord Studio Can Help

Preparing for MTD doesn’t have to be overwhelming. With Landlord Studio, you can:

• Digitally track your rental income and expenses in real time.
• Generate accurate reports instantly.
• Stay on top of tax deadlines with automated tools.
• Ensure your records are HMRC-compliant and ready for MTD.

The sooner you adopt digital tools, the smoother the transition will be. Whether you’re a seasoned landlord with multiple properties or just starting out, getting MTD-ready now means less stress when the deadline arrives.