Landlords looking for tips on tax and how to prepare for incoming Making Tax Digital rules are being invited to an online event later this month.
Specialist tax advisors Carpenter Box, who are holding the event on July 22, say MTD will have a significant impact on landlords with annual profits exceeding £10,000.
For those landlords, HMRC require electronic accounting records to be submitted quarterly detailing income and expenditure from April 2023.
“MTD will require a significant change in both processing financial information and providing data to HMRC. Although the start date is some way off, landlords will need time to implement new accounting systems and get used to the new system well before the deadline“ explains Karen Thomas, a tax associate within the private client services team at Carpenter Box, and one of the speakers at the event.
“We will also give some additional tax tips for landlords at the event and there will be plenty of opportunities for them to ask questions and clarify any burning issues they may have.”
To register for the event, click here.
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