Making Tax Digital for Income Tax is one of the most significant changes to landlord taxation introduced by HMRC in recent years. At Beresfords, we are committed to helping our landlords with rental properties located across Essex and Greater London navigate these and any other changes effectively.

This guide explains what Making Tax Digital means and who it affects

What is Making Tax Digital?

Making Tax Digital is a UK Government initiative requiring certain landlords and/or sole traders to:

This replaces the traditional annual Self Assessment system with a more structured, digital process.

Who is affected and when?

Making Tax Digital applies to unincorporated landlords based on qualifying income. ‘Qualifying income’ means total revenue (not profit) generated during relevant quarterly periods from any self-employment and income generated from property. Limited Company landlords are not affected.

Implementation timeline:

What Landlords need to do

How do Beresfords support landlords?

As an award-winning lettings specialist with a strong presence across Essex and Greater London, Beresfords offer clear benefits to landlords including all compliance -based matters.

Why this change matters

Making Tax Digital reflects increasing regulation within the UK rental sector, alongside legislation such as the Renters Rights Act.

For landlords, this means:

Are you considering a fully managed service?

Many landlords are now choosing fully managed services to reduce the administrative burden and ensure compliance.

However, making the right choice of agent is crucial. Not all agents are sufficiently qualified and equipped to meet minimum standards especially in terms of compliance so any discerning landlords should undertake an element of due diligence on the agent they are considering working with.

First established in 1968 we are one of the largest privately owned Independent agents in the South East. With branches across Essex and Greater London, Beresfords combine local market knowledge and expertise with national recognition for excellence. As a multiple award-winning agent who has a proven track record spanning 5 decades we are very well placed to offer sound and reliable advice whilst at the same time  consistently delivering positive results for our clients. Don’t take our word for it – see what hundreds of our clients have had to say. https://www.trustpilot.com/review/www.beresfords.co.uk

We are here to guide you through Making Tax Digital and all things lettings based. To discuss how Making Tax Digital affects you, or to explore further the benefits of using our fully managed service, contact your local Beresfords lettings team today.