One in four not signed up to MTD
Summary
The article reports that a significant proportion of landlords and sole traders earning £50,000 or more have not yet signed up for Making Tax Digital ahead of the first filing deadline on 7 August. It highlights low awareness of the deadline and filing frequency, alongside concerns about the administrative burden of compliance.
Why it matters
Residential property surveyors who advise landlords, investors or owner-operators may need to flag MTD obligations and deadlines to clients. The article also indicates a wider compliance gap that could affect landlord administration and tax planning.
Key points
- One in four qualifying landlords and sole traders have not signed up for MTD.
- The first filing deadline is Friday, 7 August.
- Many respondents were unaware of the deadline and the required filing frequency.
- Tide says MTD admin could take around six full days over the next year for qualifying businesses.
- HMRC-recognised digital tools are being promoted to help with submissions.
Organisations:
Tide, HMRC
Regulations:
Making Tax Digital
Locations:
South East, North West, London, Manchester, Brighton
Read the original article
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
