Making Tax Digital for Landlords – What You Need to Know

Published: 12/05/2026 By Jamie Goodwin

Making Tax Digital for Landlords – What You Need to Know

Making Tax Digital (MTD) for Income Tax is one of the biggest changes to landlord taxation introduced by HMRC in recent years.
 
At Greenwood Property Consultants, we are helping landlords across Colchester prepare for the new reporting requirements coming into force from April 2026.
What is Making Tax Digital?

Making Tax Digital will require landlords meeting certain income thresholds to:

• Keep digital records of rental income and expenses
• Submit quarterly updates to HMRC
• Complete a final annual declaration

This replaces the traditional annual Self Assessment process with a more regular digital reporting system.
Who Will Be Affected?
MTD applies to unincorporated landlords based on total rental income:

• April 2026 – Income over £50,000
• April 2027 – Income over £30,000
• April 2028 – Income over £20,000

Limited company landlords are currently exempt.

Why It Matters
These changes mean landlords will need to be more organised with record keeping and financial reporting. Failure to comply could lead to penalties for missed deadlines or late submissions.

As regulations within the rental sector continue to increase, many landlords are choosing fully managed services to help reduce administration and remain compliant.

How Greenwood Property Consultants Can Help?

At Greenwood Property Consultants, we support landlords with professional property management, compliance guidance, and organised tenancy documentation to help make managing rental properties easier.
If you would like advice on landlord compliance or fully managed lettings services in Colchester, contact our team today.