Advice for landlords who miss today’s new tax deadline
Summary
The article explains that landlords with rental income above £50,000 are entering the first stage of Making Tax Digital for Income Tax, which requires digital record-keeping and software-based submissions to HMRC. It notes that missing the current deadline does not yet trigger penalties, but the grace period will end in the 2027/28 financial year, with traditional self-assessment due to phase out by 2028.
Why it matters
Residential property surveyors who advise landlords or work alongside letting and asset management clients should be aware of the reporting changes and timelines. The shift to digital tax reporting may affect landlord administration, compliance expectations and the wider private rented sector.
Key points
- Landlords with income over £50,000 must use compatible digital accounting software.
- HMRC is no longer accepting manual record-keeping for affected taxpayers.
- No fines or penalty points apply yet for late submission during the current grace period.
- Traditional self-assessment is expected to end by 2028.
- Key dates mentioned include 31 January 2027 and 31 January 2028.
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