<p>Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in decades, and it will significantly impact self-employed business owners and landlords who own residential property in their personal name. If you currently submit a Self-Assessment tax return once a year, these new rules will change how and when you report income to HMRevenue &amp; Customs (HMRC).</p><p>Watchvideo version: <a href="https://youtu.be/PK4GckbgmUI">https://youtu.be/PK4GckbgmUI</a></p><p>Starting6 April 2026, under the new Making Tax Digitalfor Income Tax (MTD for IT) rules, millions of UK taxpayers must keepdigital records and <strong>submit quarterlyupdates</strong> using <strong>approved accountingsoftware</strong> apps listed on the HMRC website. This affects self-employedindividuals and landlords earning above the income threshold from trading orproperty.</p><p>Instead of one annual tax return, you’ll submit <u>five</u> - <strong>four quarterly updates plus a final declaration each year</strong>.This means accurate record-keeping, more frequent reporting, and potentiallyhigher accounting and software costs for small business owners and propertyinvestors.</p><p>For many landlords with <strong>residential property in their own name</strong>,especially those managing multiple rental properties, adopting digital bookkeepingsoftware will be essential. This means switching from spreadsheets or paperrecords to compliant cloud accounting platforms.</p><p>HMRC say the aim of MTD is toreduce errors and modernise the UK tax system, but it also means <strong>more red tape, admin and planning</strong> for millions taxpayers.</p><p>Self-employed workers andlandlords should start preparing early to avoid <strong>penalties</strong> and stay compliant when the rules fully apply.</p><p>Landlordsalready hit by <strong>Section 24</strong> taxchanges and the Renters Rights Act should seek professional advice and avoidignoring the changes which are coming next month.</p><p><strong>Making Tax Digital</strong></p><p>Contact DNS - <a href="https://www.dnsassociates.co.uk">https://www.dnsassociates.co.uk</a></p><p><strong>3 Steps To Success Money Management!</strong></p><p>I want to take you to the next level, help you get controlof your money, learn how to invest and become financially free. </p><p>Join me online on my free live money management trainingWednesday at 7.00PM. </p><p>Places are limited, so <a href="https://contexttraining.aweb.page/p/a38e68bf-ff99-4d03-99cd-de7a44d9fe99">registernow</a> below to avoid disappointment.</p><p><a href="https://bit.ly/3QPp8IH">https://bit.ly/3QPp8IH</a></p><p><strong>Landlords DraggedInto Section 24 TAX</strong></p><p>As 7 million people set to pay higher rate, 40%, tax thisyear, 16,000 millionaires will leave the UK this year under Rachel Reeves taxpolicies. </p><p>Watch video - <a href="https://youtu.be/zH1p2uXz4C8">https://youtu.be/zH1p2uXz4C8</a></p><p>More landlords are being sucked into higher tax bands andpaying more tax due to George Osborne’s ‘Section 24’ tax hike.</p><p>If you are a buy-to-let property landlord and help withSection 24, contact: <a href="mailto:[email protected]">[email protected]</a></p><p>#tax #section24 #landlordtax #higherratetax #MoneyTipsPodcast#MakingTaxDigital #UKLandlords #SelfEmployedUK #PropertyInvesting</p><p></p>