Making Tax Digital
What we will cover:
- An introduction to Making Tax Digital: Rationale and criteria, key principles, timelines, and legislation
- MTD for VAT: scope, digital record-keeping, and submission requirements
- MTD for Income Tax Self-Assessment (ITSA): relevance for housing providers and landlords
- Approved software and digital tools for MTD compliance
- Understanding the options including agency arrangements
- Practical steps for implementation within housing organisations
- Common challenges and solutions in transitioning to digital tax reporting
- Practical guide and tool box of how to prepare for MTD
- Understanding the use and limitations of spreadsheet data such as excel
- FAQs such as reporting for jointly owned properties, fluctuating inome and exempt streams of income and revenue
- The criteria and circumstances where businesses and income is exempt.
- A deeper dive into approved software recommended by the HMRC.
Course Objectives
- Equip housing professionals with a clear understanding of MTD legislation and its application in the housing sector
- Enable participants to implement compliant digital systems for VAT and income tax reporting
- Help property professionals manage the transition to MTD efficiently and reduce compliance risks
- To provide a practical guide for landlords to navigate the process of being ready for MTD and being confident in navigating the available options.
- To enable landlords to choose the correct pathway and software for their business
- To introduce and familarise landlords with software options and those recommended by HMRC
Background
Making Tax Digital (MTD) is a UK government initiative aimed at transforming tax administration into a more effective, efficient, and user-friendly process. As housing professionals manage a range of property income, VAT obligations, and financial reporting responsibilities, understanding MTD is critical.
This course provides housing professionals with the knowledge and tools to remain compliant with MTD regulations, streamline financial processes, and leverage digital solutions for accurate and timely tax submissions.
MTD will be introduced from April 2026 for landlords that fall within the qualifying criteria. It is vital that landlords are prepared, compliant and confident to engage with their legal compliance obligations.
The appropriate and correct options will be different for each landlord and Housing provider.This course offers the support and insight into understanding and navigating the appropriate options for each business.
This training course qualifies for 2 continuous professional development (CPD) points which can help towards or maintain your accreditation with the NRLA. If you are interested in becoming an accredited landlord with the NRLA, CPD points are necessary to achieve that status.
NRLA Accreditation recognises landlords who have agreed to maintain professional standards in the management and maintenance of their rented property and deal fairly and professionally with their tenants. Accredited members demonstrate their knowledge and understanding of their responsibilities and obligations and strive to maintain, increase and improve their knowledge of the market through training and development. CPD points are awarded for all activities which improve those attributes and are a requisite of membership of the NRLA Accreditation Scheme.
For more details visit the accreditation section on the website.
