Making Tax Digital, the impact for Landlords Making Tax Digital is yet another government initiative. It requires landlords with income over £50,000 from April 2026, to keep digital records and submit quarterly updates to HMRC with the help of compatible software (such as Quickbooks). The aim of the scheme is to make tax filing easier as well as improving accuracy, with the final tax declaration submitted at the end of the accounting period. This will apply to Landlords with income over £50,000 (from April 2026), over £30,000 (from April 2027) or over £20,000 (from April 2028). This includes submitting quarterly reports to HMRC, keeping digital records, and providing an end-of-year return after the end of the current tax year. The £50,000, £30,000 and £20,000 threshold figures are rental income and do not including PAYE earnings. Aldreds would always recommend to plan ahead, be prepared by obtaining good tax advice from reputable and fully qualified Accountants for all your tax requirements.