Today! Key webinar on Making Tax Digital

The vexed subject of letting agents and landlords preparing for the Making Tax Digital regime is to be examined in a webinar this morning, hosted by PropTech supplier Goodlord.

Robert Bolwell, senior partner at Dutton Gregory, will focus on the regulatory change and identify the best ways for letting agents and landlords to prepare for the changes and beware of pitfalls. 

HMRC says Making Tax Digital aims to help businesses and individuals in the UK keep digital records and use software to record and pay VAT, income tax and corporation tax. The government claims the move will simplify tax record-keeping, identify fraud and reduce tax errors that led to an estimated £32 billion of missing tax payments in 2020-21 alone.

Since the start of this month, VAT-registered businesses - including most all agencies and those landlords who have incorporated and are VAT-liable - have been obliged to use MTD-compatible software for returns; income tax payments will go the same way in 2024.

Bolwell will be joined by Goodlord chief executive William Reeve and says: “The Making Tax Digital plans are ambitious and broad, meaning there’s a lot for agents and landlords to get their heads around. With the new VAT regulations already in force and additional changes coming down the track, it’s vital to be informed and get across the details. 

“I hope this webinar will help agents understand the impact these changes might have, how to engage with the relevant software, and what 2024 will bring.”

The webinar kicks off at 10am and you can register here.