The government’s Making Tax Digital (MTD) scheme is creeping closer to reality for landlords and we’ve got good news.
PaTMa has officially passed HMRC’s recognition checks (again!) and been granted production access for MTD submissions. That means when MTD for Income Tax kicks in, you can submit everything through PaTMa, no third-party faff, no extra software, no stress.
What is MTD (and do I need to worry)?
MTD stands for Making Tax Digital, it’s HMRC’s plan to replace yearly tax returns with more frequent digital updates. The rollout is happening in stages based on total income (not profit). Eventually all landlords with over £20,000 in income from property and sole trader sources combined will be required to:
- Keep digital records
- Submit quarterly summaries to HMRC
- File a final year-end declaration
If this is the first you’re hearing about MTD, check out this Business of Property podcast episode where Simon talks more about how the process will work.
Why PaTMa landlords don’t need to panic
This is the second time PaTMa has passed HMRC’s MTD checks, we were first granted production access back in 2023, but the rollout delays meant we paused development.
Now we’re back, re-verified, and fully approved again, ready to support MTD submissions directly from your PaTMa account as soon as they’re needed.
What’s next?
- If you're already using PaTMa’s Property Manager, you’re one step ahead.
- We’re inviting early testers, if you’d like to join the MTD testing group, just get in touch.
- We’ll keep updating you as MTD for landlords becomes compulsory.
We’ve been preparing for this for a long time so you don’t have to.
Get started with PaTMa Property Manager, it’s free to try!
