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Landlords should get up to speed with MTD

Landlords should get up to speed with MTD

Former Grant Thornton tax director Mike Warburton writes in the Telegraph on how, under “Making Tax Digital” rules, landlords will be required to keep digital records from 2024. He notes a recent survey showing too many of those affected are unaware of the changes. Over a third anticipate difficulty with the software required; only 17% currently use software to keep records. Pointing to this lack of preparedness, the Chartered Institute of Taxation and the Association of Taxation Technicians are calling on HMRC to increase their publicity on MTD for income tax.

Read more: The Daily Telegraph

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