New to Instagram - Rettie Lettings

The future is approaching - and it's digital. Making Tax Digital (MTD) for Income Tax will start rolling out from April next year. It’s likely to change how you keep records and submit your tax returns.

In the midst of ongoing debates about rental reform in England, there’s a strong argument for looking north to Scotland for inspiration. Since 2018, Scotland has operated under a fully regulated rental sector that offers not just clarity for landlords and agents, but peace of mind for tenants.

Making Tax Digital (MTD) is HMRC’s move to modernise the UK’s tax system. Already in place for VAT-registered businesses, it’s now being rolled out to Income Tax Self Assessment (ITSA). This will directly affect landlords with rental income. Even though Scotland has devolved income tax bands and rates, the MTD rules apply UK-wide.