Digital tax system will become an ‘unwanted burden’ for BTL investors


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The delay to the implementation of HMRC’s ‘Making Tax Digital’ system announced in July was warmly welcomed by buy-to-let landlords.

A plan to make landlords submit tax returns digitally in April 2019 was pushed back by the government to 2020 in order to provide landlords with more time to prepare for digital record keeping and quarterly updates.

Making Tax Digital was originally announced by the now former Chancellor George Osborne in the 2015 Autumn Statement, with a view to digitising the tax system with the self-employed, small businesses and unincorporated landlords needing to keep digital records and use software to update HMRC quarterly.

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