Landlords have just two days to meet key tax deadline

Landlords who earn more than £50,000 a year from properties held in their personal name have been warned they have just two days left to meet a key tax deadline. Sole traders and landlords who earn over this threshold from self-employment and property income have until Friday to make their first quarterly report to HMRC under the new Making Tax Digital (MTD) for Income Tax regime. In total, 864,000 sole traders and landlords are in scope for the first MTD deadline. She adds: “This week HMRC closed a consultation on timely payments in income tax self assessment. “This envisages bringing forward tax payment deadlines from April 2029 onwards for those taxpayers within the self assessment regime.